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Jarrett Anneberg (Courtesy photo)
In the absence of traditional banking, private credit has emerged as the cornerstone of the U.S. cannabis industry.
Alternative financing groups such as AFC Gamma, Chicago Atlantic, Innovative Industrial Properties and NewLake Capital Partners didn’t just fill a gap – they created the foundation upon which the modern cannabis market was built.
Unlike other sectors where private credit is an emerging trend, in cannabis, it has been the only option since the industry started raising institutional capital around seven years ago.
Since there is no traditional banking sector in cannabis, many of these lenders have been in the private credit game for the past few years or more because, frankly, there was no other alternative.
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