Rainbow Realty Is Saving Cannabis Businesses with Low-Cost Financial and Real Estate Support – Yahoo Finance

One of the main bottlenecks to the growth of the cannabis industry is access to capital. Several businesses in the space have bemoaned the unleveled playing field regarding access to money to grow their businesses.

Partly because of the lack of legislative frameworks to support the cannabis industry, businesses can’t borrow at the favorable rates at which traditional banks lend to non-cannabis businesses. For years, this has been the bane of the sector.

These challenges mean a lot needs to be done if the cannabis market is to achieve the $70.6 billion in monetary value by 2028, as projected by experts.

Businesses and individuals are keeping their fingers crossed and placing their hopes on the passing of the SAFE Banking Act of 2021, currently before the U.S. Senate. Many believe the Act will fix the financial transactions and legislation issues that could hinder the industry’s ability to harness its full potential in the long run.

Rainbow Realty Low-Cost Financing

Photo: Flower One — Las Vegas

On the capital access front, a few companies are doing their best to lend to cannabis-related businesses. One company that stands out from the pack is Rainbow Realty Group LLC.

Rainbow is a real estate owner, lender and investment firm focused on the U.S. cannabis industry. The New York-based company is providing the needed capital access and support cannabis tenants and borrowers have been yearning for.

It is serving as a savior for businesses at a time when public equity markets within the cannabis industry have dried up and even the largest and most experienced operators are looking for new ways to fund their business expansion.

For some time now, access to investment capital has significantly decreased because of market conditions resulting from a grow-at-all-costs approach many operators chose to implement. This has left most operators struggling to find capital to expand their operations.

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