(Photo Credit - Wikimedia)
As we mentioned last week regarding the marijuana-focused REIT, the cannabis real estate industry is booming. As more and more investors gain interest in the space, it's no wonder that the New York Real Estate Journal has a cannabis real estate event planned for later this week.
While it's no shock that there's finally an event for those eyeing real estate opportunities in the space, it's surprising that the event is being held at the Trump Soho Hotel in lower Manhattan. Given the new administration's view on cannabis, it is shocking that this event would take place at one of Trump's namesake hotels.
Regardless of where this event is held, it should be very interesting. According to the flyer being sent around, AmeriCann Inc. (OTC:ACAN) is a major sponsor. In addition to sponsoring the event, AmeriCann's CEO, Tim Keogh will also be speaking.
AmeriCann is one cannabis company that has made major investments in real estate in order to build the massive Massachusetts Medical Cannabis Center. The facility will be sitting on a 52-acre parcel of land that the company acquired from Boston Beer Co. for just under $4.5 million.
Even if you don't have $4.5 million to invest in cannabis real estate, the event on Thursday could certainly be of interest. There probably won't be too many cannabis-focused events held in Trump hotels going forward, so that alone could be a great reason to attend!