It could be a rare chance for ordinary investors to buy into the Green Rush.
Innovative Industrial Properties, a cannabis Real Estate Investment Trust (REIT), filed to go public on the New York Stock Exchange. Led by experienced real estate executives, it plans to sell $175M worth of shares. The deal is the first of its kind.
If successful, the offering “will allow mainstream investors to participate in the cannabis industry indirectly and will provide much needed capital to the industry,” Alan Brochstein writes at New Cannabis Ventures.
Los Angeles County alone accounts for 27% of MED sales in California.
L.A.-based MedMen broke ground on a $15 million grow and production facility near Reno, Nev.
GW Pharma is dropping its U.K. listing to trade exclusively on NASDAQ.
A tax attorney tells The Cannabist that 280E, the section of the tax code that the industry feels is an unfair penalty, isn’t going anywhere.
U.S. marijuana stocks are still very risky.
A poll found that most Montanans oppose the state’s MED initiative.