2024 is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.
NewLake Chief Executive Anthony Coniglio acknowledged during a Monday earnings call that NewLake had been “a little bit gun-shy” in 2023.
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“Really, what we were doing in 2023 is, we were watching the landscape evolve, we wanted to make sure that we understood how the (cannabis) operators were going to respond and react to the difficult operating environment,” Coniglio said, responding to an analyst.
“We also wanted to understand what was happening from (an interest) rates perspective. … As we’re sitting here in 2024, I think there’s a
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