Rob Sechrist is back again with us once more on this latest TDR Cannabis Exclusive. He’s been a guest on our podcast before, lately to talk about the SAFE Banking act and what we could expect as it made its way to the floor of congress. Sechrist is President and Co-Manager of Pelorus Capital Group, a Cannabis-use CRE Private Mortgage REIT, and an expert in the banking challenges faced by companies in the cannabis industries.
You may be wondering, what is a CRE Private Mortgage REIT, and how does it differ from an Equity REIT? What services is Pelorus Capital Group providing, and what is the fund that they offer?
In this episode, we simplify Pelorus’ core business for cannabis investors. Tuning in will help give you a better understanding of the current banking and lending landscape as it relates to the cannabis industry. It just might be a surprise and give you a better understanding of why SAFE banking is such an important step for cannabis. Out of the 684 FINCEN listed banks, only 15% currently participate in the cannabis industry.
However, more institutions are warming up to the idea thanks to Pelorus’ efforts. Sechrist explains how they’ve been pushing change through education, with the result that since their fund launched in 2018, many of their initial skeptics have wanted to become involved. There’s a lot of regret from some of those who could have been original lead investors.
Like many cannabis MSOs, Pelorus wants SAFE Banking to pass, and Sechrist tells us why, despite their focus on private equity. From cost of capital for these MSOs to lending to the tier 1 companies, there’s a lot to know, and this industry is bigger than the MLB and NFL combined.
Finally, if you interested in Pelorus’ private fund, we also explain how you can invest. Don’t miss out on this valuable information for cannabis investors.