Chicago Atlantic Real Estate Finance Inc.
said Friday it would provide up to $150 million in capital for the New York State Cannabis Social Equity Investment Fund. The money will be combined with $50 million from state cannabis tax revenue to secure, lease, design and construct cannabis dispensaries that have been licensed under the state’s conditional adult-use cannabis dispensary or CAURD program. A subsidiary of the Dormitory Authority of the State of New York called the Social Equity Servicing Corp.
said Friday it would provide up to $150 million in capital for the New York State Cannabis Social Equity Investment Fund. The money will be combined with $50 million from state cannabis tax revenue to secure, lease, design and construct cannabis dispensaries that have been licensed under the state’s conditional adult-use cannabis dispensary or CAURD program. A subsidiary of the Dormitory Authority of the State of New York called the Social Equity Servicing Corp.