Cannabis companies generally have been raising less money this year versus previous years, but not all industry sectors are coming up short; cannabis real estate lenders are bucking the trend.
American companies that lend money and provide sale-leasebacks to the U.S. cannabis cultivation and retail sector have raised $517 million year-to-date as of May 19, 2022 – 232% higher than the total last year and higher than in the equivalent period in any previous year.
Real estate is one of the only sectors in cannabis that has raised more money year-to-date than in 2021, even though its client base – the cultivation and retail sectors – has seen its year-to-date financing drop by 73% versus the same period last year.
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