Cannabis panel at CCIM's recentGlobal Conference held here in San Diego.

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SAN DIEGO—According to panelists at the recent CCIM Globalconference, from a commercial real estate investor perspective,access to capital remains "a real challenge" for cannabis realestate. According to panelists, the typical cannabis entrepreneurcan't just go to a bank and ask for a small business loan. "Thereis no traditional access to debt."

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The access to equity is as much of a problem too, panelistsexplained, with one noting that as long as it remains federallyillegal, it will continue to operate a little shady, (in terms ofwhat you do with cash). But according to Wendy Berger, CEO andpresident of WBS Equities, from a real estate perspective, that isexactly where the real opportunity is.

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"Bringing real estate capital into the business as a form offinancing is the opportunity," she said. "We need real estateinvestors and brokers in this business bringing capital to dealsbecause we cannot go to banks. This lack of access to capital iscreating inefficiencies. From chaos comes opportunities."

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And the opportunity is tremendous, she adds. "Your pool ofavailable properties is limited. If you are looking for a retailproperty, you have to do your due diligence ahead of time. And thenyou need to know your landlords. For the brokers and landlords outthere, this is a real opportunity to add value to your clients.There is going to be significant opportunity for years to come forthose who are willing to take the time and educatedthemselves."

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Be sure to check out the related stories below on thesubject.

Capitalizing on Cannabis, Understanding Zoning Remains Key

 NortheastGovernors Hold Cannabis and Vaping Summit

Policy Tailwinds Propel Cannabis REIT Stock for Years toCome

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The Business Implications of Legalized Cannabis, Real Estate andRisks

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Cannabis Industrial Facilities Generate PremiumRents

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Local Municipalities Are Tackling CannabisRegulation

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How Cannabis Is Shaking Up San Diego's IndustrialMarket

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Innovative Industrial Enters Into Long-Term Leases

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Curaleaf Holdings Strikes Sale-Leaseback Deal on Six CannabisProperties

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CA Supreme Court Decision Proves There Is No Short Cut toCEQA

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Cannabis Net Lease REIT Completes $141M PrivatePlacement

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.