Cannabis Real Estate Company Secures $800k in Financing

An Arizona-based real estate company that specializes in cannabis-related facilities announced Wednesday that it has wrapped up an $800,000 round of funding and is immediately starting a second round.

The firm, Scientific Botanical Leasing, will use the funding for improvements on a facility leased by an Arizona MMJ dispensary that signed a 10-year agreement, as well as to pay off bridge financing and finalize some of the dispensary’s signing incentives.

The facility leased by the dispensary includes “proprietary facility operating software, clean room standards and comprehensive support systems to give the company tenant a competitive advantage,” according to a press

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Cannabis Real Estate Company Secures $800k in Financing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs