Kyle Shenfeld, CEO of Rainbow Realty Group, spoke at the Benzinga Cannabis Capital Conference at the ‘Debt Financing: The Industry's White Knight in 2023’ panel.
When the legalized cannabis industry first blew up, there was an abundance of lenders that were eager to finance emerging cannabis companies; however, the last 18 months have witnessed a decrease in lenders.
Shenfeld shares that the decrease in lenders during an increase in state legalization is creating a heightened demand for debt financing. Debt financing these days is more thoughtful with increased due diligence than it was at the start of the cannabis burst.
Interested in learning more about the Benzinga Cannabis Capital Conference? Get more information here.
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