REITs Expect To See Their Money Grow Along With Marijuana
Marijuana industry insiders agree that it isn't easy to make money on the cultivation side of the business anymore, but that isn't stopping the money that is flooding into the real estate side of the business. According to New Frontier Data and Viridian Capital Partners, cultivation and retail was the top sector for capital raises with $478 million of private cannabis investment.
Marijuana REITs are multiplying as real estate professionals believe it is easy money to build a grow facility, use the latest technology to make the crop yield as efficient as possible, bring in someone else to actually grow the marijuana (so they don't run afoul of the law) and then collect a nice rent from the cultivator that is selling tons of pot.
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