Noyack Logistics says it is the first REIT to accept cryptocurrency for share purchase. The REIT, which invests in supply chain real estate, will accept cryptocurrency payments for shares. The payments would occur via a partnership with BitPay. Investors can buy shares in the REIT using Bitcoin, Dogecoin, Ethereum, Litecoin, Shiba Inu, Wrapped Bitcoin and five stablecoins pegged to the U.S. dollar. The REIT’s sponsor, Noyack Capital, said cryptocurrency capability is a way to tap young investors, who increasingly want to operate outside traditional financial services. The company predicts more REITs will let investors buy shares with cryptocurrencies in the near future.

New York State Is Helping Those with Marijuana Convictions Open Marijuana Stores

New York wants to make sure that communities hit hardest by its marijuana laws in the past are the first to benefit from the legalization of the drug for recreational use in coming months. To that end, the state has hired CBRE to find 150 sites for marijuana stores across the state and help negotiate leases for potential operators. The state will offer site selection and even design help to entrepreneurs who have been convicted of marijuana-related offenses or whose relatives have been found guilty of crimes connected to marijuana.

Gamifying the Switch from Fossil Fuels to Electricity

The New York State Energy Research and Development Authority is asking engineers, scientists and app developers to find ways to move buildings from fossil fuels to electricity. The organization is letting contestants analyze its Real Time Energy Management data from more than 200 commercial and multifamily properties throughout the state to come up with novel solutions. Winners will split $55,000 in cash, and their apps will be promoted to the NYSERDA network of vendors and building owners.