International Business Leader and Philanthropist Robert Shumake Launches Cannabis Real Estate Fund
The cannabis real estate industry is booming, and Detroit-based business leader Robert Shumake has joined forces with area entrepreneurs to capitalize on the burgeoning movement.
Robert Shumake, a CEO, investor, and philanthropist, recently launched a real estate funding initiative to invest in various cannabis real estate projects through the Detroit area and surrounding regions. Projects will include building and maintaining sprawling medical cannabis research, education, regulation, and growth labs that will be staffed by up to 300 people. Shumake also plans to invest in local cannabis-related businesses, such as dispensaries, greenhouses, physicians’ offices, and classrooms for aspiring cannabis entrepreneurs.
Of the project’s importance, Shumake said, “Cannabis is now a billion-dollar industry across the U.S. and the globe. The Detroit area is hungry to get involved and capitalize on the growing movement. And with our ample, widely available, and affordable real estate, the area and its surrounding regions are the perfect place for the industry to boom. I plan to invest in sustainable cannabis projects that will benefit entrepreneurs and the community as a whole.”
Robert Shumake also believes that medical cannabis and recreational cannabis tourism could gain more of a stronghold in the Detroit real estate industry and looks forward to investing in related projects in the future.
Two-time bestselling author and entrepreneur Robert Shumake is no stranger to working with and growing local, national, and international businesses. The Detroit-based executive is currently the CEO of Shumake Global Partners, L3C, a leader in industries like technology, real estate, personal financial services, housing, and transportation, among others. He also served as the President and Chief Executive Officer of Inheritance Capital Group, LLC, (ICG), a leading investor in the area of and a real estate developer, working with both commercial and residential projects as well as mortgages, small business loans, and other financial services.
Robert Shumake is also dedicated to working with underserved populations to help them reach their full potential. He is at the helm of the Shumake Family and Friends Foundation, which has provided over 100 college scholarships to students planning to attend historically black colleges and universities (HBCUs) through the Shumake Scholarship Relays. Robert Shumake has also served international causes through global philanthropic initiatives, such as building the Shumake Legacy Academy to serve over 3,000 HIV-positive orphans in Ethiopia, undertaking water projects in Kenya, and providing clothes, food, and other necessities to rural populations in Tanzania.