Marijuana REIT to invest up to $15M in Maryland cultivation site

Innovative Industrial Properties, a cannabis-focused real estate investment trust (REIT), said it has agreed to purchase a partially developed property in Capitol Heights, Maryland, and plans to invest up to $15 million in a medical cannabis cultivation facility there. The building on the site, once completed, is expected to total about 72,000 square feet. Based in San Diego, Innovative Industrial Properties buys medical marijuana-related facilities and leases them out. According to a press release, the company plans to enter into a long-term lease agreement with Holistic Industries, which intends to use the facility as the only medical cannabis ... Marijuana REIT to invest up to $15M in Maryland cultivation site is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana REIT to invest up to $15M in Maryland cultivation site

Innovative Industrial Properties, a cannabis-focused real estate investment trust (REIT), said it has agreed to purchase a partially developed property in Capitol Heights, Maryland, and plans to invest up to $15 million in a medical cannabis cultivation facility there. The building on the site, once completed, is expected to total about 72,000 square feet. Based in San Diego, Innovative Industrial Properties buys medical marijuana-related facilities and leases them out. According to a press release, the company plans to enter into a long-term lease agreement with Holistic Industries, which intends to use the facility as the only medical cannabis ... Marijuana REIT to invest up to $15M in Maryland cultivation site is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs