NLCP - Could Cannabis REITs Begin Growing Like A Weed?
2024-06-13 07:00:00 ET
Summary
- More states are legalizing cannabis.
- Conflicting federal and state laws are providing an opportunity for real estate investment trusts.
- REITs are stepping in to provide capital to the cannabis industry, including Innovative Industrial Properties, NewLake Capital Partners, and Chicago Atlantic Real Estate Finance.
For anyone around 40 years old or older, the thought of marijuana becoming legal in the United States used to be a pipe dream at best.
However, that is no longer the case as more states continue to legalize cannabis, as well as the ongoing discussions of legalization at the national level.
According to the Rockefeller Institute of Government, marijuana was routinely used in the U.S. until the early 20th century as an ingredient in medicines used to treat conditions such as dysentery, opiate addiction, epilepsy, and cholera.
Additionally, hemp was used to make cloth, paper, and rope.
And yes, people smoked the stuff, too.
The first regulation on marijuana was put in place in 1906, but it only required over-the-counter medicine to be labeled if cannabis was an ingredient....
Could Cannabis REITs Begin Growing Like A Weed?