Davis+Gilbert recently attended the Benzinga Cannabis Capital
Conference, where the most significant and influential industry
participants met to discuss the opportunities and challenges of
funding growth in the cannabis industry. Joseph Cioffi moderated a
discussion regarding the experience of Real Estate Investment
Trusts (REITs) and the outlook for financing and regulations.
This piece contains some key takeaways to help participants
operate effectively in the space and plan for the future.
Expectations for Legal Reform
Most agree there will be no new significant law enacted by
Congress until after the mid-term elections. Hopes have faded for
the Safe and Fair Enforcement (SAFE) Banking Act to become federal
law within the next twelve months, and the Cannabis Administration
and Opportunity Act (CAOA) probably won't be introduced in
August as announced.