Banks Take First Steps Into Lending For Cannabis Sector

The real estate sector built around cannabis is already worth tens of billions, and could be worth much more as the sector grows. 

Many lenders want to get in on the ground floor of the booming industry, but even the most adventurous banks are treading carefully as they make inroads into the world of cannabis real estate.

“We’re trying to approach this thing wisely,” Radius Bank Senior Vice President of Commercial Real Estate Adam Dubeshter said. “We’re not rushing in. We’re taking strong sponsors and managing our exposure in the industry.”

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RSK: It will continue to grow...literally since States will sniff tax money going up in smoke.



- - Volume: 7 - WEEK: 46 Date: 11/12/2019 8:33:49 AM -