Directed Trust Company’s Post

Transcript

So I have a client in Southern California, he's a self-employed guy, has a solo 401K that he's self directs now with this client did is he bought a retail building with his solo 401K and he cooperated with the dispensary in getting it licensed. Actually, because the location has to receive the license right now, he didn't own the operating business that was going to own the cannabis and sell the cannabis. This client was pretty smart and he knew there was going to be some high profits here. There's a lot of green to be made here, you know? That he owned the building, leased it to the dispensary and that was OK with his retirement account. Now the issue with the retirement account we're talking about, this is cannabis is a fast growing industry and your retirement account could invest in different areas of it. It just can't own the business that owns the weed that sells. Even though you might have a state license for it, it's still illegal under federal law despite recent changes from three schedule 3:00 to 1:00. But you can own the real estate.