May 5, 2021 at 6:10AM
Raising money is a challenge for many marijuana producers because they can t easily obtain banking services. Even just getting a checking account is no easy task. In order to set up their manufacturing facilities, some have turned to sale-and-leaseback agreements with a real estate investment trust (REIT) like
Innovative Industrial Properties (NYSE:IIPR). And that has allowed the REIT to generate fantastic growth, with sales of $117 million in 2020 more than doubling from the previous year.
But if the Secure and Fair Enforcement (SAFE) Banking Act, which recently passed the House, can make it through the Senate, it would make it easier for cannabis companies to go through the banks to raise money. And if that s the case, would that hurt Innovative Industrial Properties growth potential?
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