When it comes to cannabis lending, investors and lenders are beginning to see some changes as laws across the country begin to change. Currently, cannabis is still illegal federally, despite the increased state legalization. For this reason, cannabis lending as a whole can be somewhat complicated. “Most conventional bank lenders will not lend on a building that has a cannabis ...
Now that the state of New Jersey legalized cannabis, the change will impact the already busy warehouses across the state that could start growing the product. There is great demand for climate-controlled warehouses across the state, as part of the industrial real estate boom brought on by the pandemic. Thomas Walsh is the Managing Director of Investment Sales at Walker ...
For the past decade or so, cannabis-related commercial real estate has been on the rise. Thus, so has the interest in financing the industry, specifically with cannabis real estate loans. Since 2012 when Colorado and Washington first made cannabis a recreational substance, states have been loosening restrictions. Currently, marijuana is fully legal in 18 states and only completely illegal in ...
On March 31, New York Governor Andrew Cuomo announced that the state would legalize medical and adult-use cannabis in the coming year. According to Cuomo, it’ll create over $350 million in revenue, and at least 30,000 jobs. "This is a historic day in New York, one that rights the wrongs of the past by putting an end to harsh prison ...
If you’ve read any real estate headlines over the past few months, you’ve noticed one word pop up: “Cannabis.” With the rise of cannabis comes hungry entrepreneurs. Everyone wants in on the cannabis game, and why not? The business is expected to skyrocket. According to a report from Flowhub, a Colorado-based cannabis inventory firm, cannabis sales increased 67% across the ...
Lev is using technology to transform the CRE financing process.
Lev is using technology to transform the CRE financing process.