Inception Launches Cannabis REIT - Los Angeles Business Journal
The Inception Cos., a cannabis-focused private investment company with offices in Beverly Hills and London, has launched a cannabis-focused real estate investment trust.
The REIT has been billed as a first-of-its-kind platform to provide real estate debt and equity capital to the medicinal- and adult-use cannabis industry.
“Even though 92 percent of states already have cannabis access laws, institutional capital is still not widely available (to cannabis businesses),” said Omar Mangalji, Inception’s co-founder.
The REIT, known as Inception REIT or I-REIT, will focus on real estate-based financial opportunities with marijuana businesses that already have obtained state operating licenses and permits.
Real estate reporter Ciaran McEvoy can be reached at firstname.lastname@example.org or (323) 556-8337.