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Marijuana REIT to invest $67.8 million in Pennsylvania facility

Innovative Industrial Properties (IIP) and Atlanta-based multistate marijuana operator Parallel have struck another sale-leaseback deal. The San Diego-based real estate investment trust (REIT) said it has closed on a transaction valued at up to $67.8 million to purchase a cultivation and processing facility owned by Parallel in Pittsburgh and to fund improvements to the facility. …

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Canadian cannabis producer Hexo to enter US with Colorado facility

Hexo Corp. entered purchase and sale agreements for a 50,000-square-foot cannabis production facility in northern Colorado, marking a step forward for the Canadian producer’s U.S. ambitions. Hexo’s first facility in the United States involves a wholly owned U.S. subsidiary, according to a Friday news release. The facility “is zoned for production of a full range …

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Minnesota House OKs adult-use marijuana; Senate passage unlikely

In a historic vote, Minnesota House lawmakers approved an adult-use marijuana market, but the state Senate is unlikely to consider the measure before the legislative session ends May 17. House lawmakers voted 72-61 in favor of the bill, HF 600, after five hours of debate late Thursday. The measure includes provisions such as training and …

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Marijuana retail franchisers eye national franchises despite hurdles

From McDonald’s to Marriott, from Subway to Century 21, franchise businesses are as American as apple pie. In the U.S. marijuana industry, however, retail franchising has yet to take off on a national scale. Now, as a new group of franchisers enters the industry, the stage is being set for potential growth in franchised cannabis …

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Can Medical Cannabis In Thailand Balance Profits And Patients?

For the past four years, the Thai government has been making legislative reforms to build a market for medical cannabis. With the potential to reap significant economic benefits and help patients in need, the question remains — will the government prioritise profits or patients? Although those two objectives are not necessarily mutually exclusive, it is …

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Washington’s Cannabis Market: What Investors, Entrepreneurs Need To Know

The state of Washington has a booming cannabis market. It’s among the most mature in the country, and sales continue to rise. That said, market concerns remain and range from excise taxes to a lack of diversity. If the state intends to continue moving forward, these issues need to be addressed. Washington’s Market Booms As …

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What Do the Marijuana Strain Names Used in Your Cannabis Products Tell You about the Product?

There is no international system of naming cannabis products. The name of a product is up to the breeder and the marketing agency in charge of promoting the product. The most common method being used by breeders in the country now is that a name is crafted by combining the names of the parent strains. …

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