By Wealth Management
Patricia Kirk | May 26, 2022
The past few years boosted the U.S. cannabis industry in several ways, increasing production and sales and enticing more states to legalize or at least begin the process of legalizing cannabis for medicinal and/or recreational use to help shore up budget shortfalls.
Last year, four additional states—Arizona, New Jersey, Montana and South Dakota—fully legalized cannabis, bringing the total to 15 states, while Mississippi legalized pot for medical use. This year, the cannabis industry could reach a new high, with another 21 states expected to legalize it in some form.
Related: More Investors Eying Ways to Tap the Higher Returns of Cannabis Real Estate
As the cannabis industry continues to grow, so do opportunities for investors in cannabis real estate. But the cost of capital for this specialty area is at a premium due to its federal status as a Schedule I Controlled Substance. So real estate investors interested in entering this market may not have a clue about where to find financing, let alone how to get the best deal for their acquisition.