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Rainbow Realty Group completes $3.92 million loan to Ohio based Cannabis Real Estate Portfolio
NEW YORK, Dec. 7, 2022 /PRNewswire/ -- Rainbow Realty Group II, LLC ("Rainbow") and its affiliates announced the closing of a senior-secured mortgage cross-collateralized by 5 retail dispensary properties in Ohio. The five properties were approved in the latest round of license applications. There are currently 130 dispensary licenses in the State which legalized medical cannabis in 2018 and has...
Sacramento Cannabis Market On The Rise Thanks To Rainbow Realty’s $20M Loan, Here’s What Happened
Rainbow Realty Group, LLC and its affiliates announced the closing of a loan cross-collateralized by 9 properties in Sacramento, CA. “At the properties, there are 13 tenants, of which 12 are licensed, cannabis operators. License types include 3 operating dispensaries, 2 dispensaries in development, 2 cultivators, 2 manufacturers, 2 delivery businesses, and a micro business,” reads a press...
A Close Look at What Makes Finding Capital Difficult For Cannabis Businesses
All business enterprises need funding to grow, and cannabis businesses are no exception. Since the past few years, the cannabis industry has been burgeoning, facilitated by its recent legalization (either for medicinal or recreational use, or both) in several states. This has provided amazing opportunities for cannabis businesses to expand and grow their operations. Yet, many have had to pass up...
Why Cannabis Real Estate Investors Are Making The Right Choice
As cannabis and hemp legislation expands and the "green wave" enthusiasm increases across the United States, investors are beginning to focus on cannabis-related assets. In fact, investing in cannabis real estate is the most rewarding investment you can make right now, as states seek ways to generate tax revenue by relaxing restrictions on the use of cannabis and hemp for medical or recreational...