Modern Industrial Properties (NYSE:IIPR) carved out for itself a novel alternative within the marijuana business: Loaning pot firms cash in trade for taking up administration of their actual property by way of sale-leaseback preparations.
The actual property funding belief (REIT) has achieved for hashish what equally located firms have achieved for residential housing, workplace house, retail, and even healthcare. But Modern Industrial’s service was much more very important to the business as a result of banks loaning cash to pot shares is presently unlawful.
But it is not all blue skies and, um, inexperienced grass for the REIT. This