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California  + Orange County  + Finance  | 
high tech cannabis commercial space design

Cannabis-centric Equity Fund Aims to Ease Financing, Tax Burdens

The cannabis industry in California – the nation’s largest such market – is under pressure from high taxes that not only suffocate economic growth in the space, but empowers the cannabis black market. 

Gov. Gavin Newsom and others intend on addressing that high-tax burden with policy adjustments. Newport Beach, Calif.-based Pelorus Equity Group is situated to help commercial real estate projects that involve the cannabis industry to stay abreast (even ahead) of the upcoming changes.

Pelorus, the leading provider of value-add bridge commercial real estate loans for cannabis businesses and owners with cannabis-related real estate, announced it achieved 434% growth year-over-year in 2021. Any tax changes out of Sacramento could likely continue such momentum into 2022 and beyond.

Since 2016, Pelorus has completed 60 commercial real estate loan transactions and deployed $333 million to cannabis-use real estate owners, comprising nearly 2 million sq. ft. in eight states across the U.S.

[This story has been updated to include all of Pelorus’ recent market activity.]

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