The ability to reduce the note rate once the project has been completed and fully stabilized
The US cannabis market has experienced rapid growth in the last ten years and is showing no signs of slowing.
Already, 78% of states have approved cannabis for medicinal use, with 42% legalizing it altogether.
With further easing of legislation expected, the total legal cannabis market is estimated to grow by 14% CAGR through 2025.
Ultimately, this is what the public wants, with two-thirds of the US population being in favor of cannabis legalization both for medical and recreational use; a considerable improvement from 2010 when the number stood at 52%.
In accordance with The Rohrabacher-Farr Amendment, which was passed in 2014 to prevent the Justice Department from preventing states from authorizing medical cannabis programs, consumer enthusiasm for the full legalization of cannabis is increasingly being supported at the federal level. With several pieces of legislation pending to support the growth of the cannabis sector, the full legalization of cannabis is considered a question of when, rather than if.
Even though our lending rates are higher, our total cost of lending is typically lower, and our speed of service means both owners and operators can start earning sooner.
The cannabis real estate sector offers the potential for substantial risk adjusted returns, but adds several layers of complexity to any transaction. Commonly used, industry standard real estate databases do not collect important cannabis-specific information. As a result, we have invested significant time, effort and capital into building the cannabis sector’s leading data and analytics platform.
Our investors benefit from multiple revenue sources and a taxed advantaged mortgage REIT structure.
Our investors benefit from multiple revenue sources as well as the mortgage REIT structure.