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Marijuana REIT
Pat Oglesby

Here is an SEC filing from a company that wants to be a tax-advantaged REIT, renting to marijuana companies:

“We are a newly-formed, self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Initially, we intend to acquire our properties through sale-leaseback transactions and third-party purchases. We expect to lease our properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance.”

Alan D. Gold is the Executive Chairman of Innovative Industrial Properties.