Innovative Industrial Properties (IIPR) is mentioned as an early player in the cannabis REIT space.
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The Ground Up Ep 06: CEO Interview With Anthony Coniglio Of Newlake Capital Partners (NLCP)
Aug 31, 2026
This interview with Anthony Coniglio, CEO of Newlake Capital Partners (NLCP), discusses the company's position as the second-largest owner of cannabis real estate in the US. Key catalysts for the cannabis sector include the rescheduling of medical cannabis to Schedule III, which eliminates restrictive IRS code provisions and improves tenant credit profiles, and the expected rescheduling of recreational cannabis. These changes are expected to improve access to capital markets for cannabis businesses, with True Leave already uplisting to the NYSE.
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