Cannabis REIT Launches With Eye On Capital Markets

Photo by Inception Cos.

LOS ANGELES–Private investment firm The Inception Cos. has launched Inception REIT  with the goal of providing real estate debt and equity capital to medicinal and adult-use cannabis businesses. I-REIT, as the REIT is called, has secured commitments from several real estate investors and executives and expects to raise up to $50 million from institutional and individual accredited investors during its initial offering.

The company maintains it is filling a much-needed void in this space as cannabis-related businesses have limited access to traditional financing sources, with even the most established state-licensed businesses having to sell equity or use short-term hard money loans to raise capital.