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REIT inks $25 million deal to acquire Michigan marijuana property

Innovative Industrial Properties continues to gobble up cannabis properties, with the San Diego-based real estate investment trust (REIT) closing a potentially $25 million deal to acquire and lease back a marijuana facility in Michigan. The acquisition of the 63,000-square-foot building in the Detroit suburb of Madison Heights from Holistic Industries includes: A $6.2 million purchase […]

REIT inks $25 million deal to acquire Michigan marijuana property is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs



Source: REIT inks million deal to acquire Michigan marijuana property


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About the author

Steve Morrison

Steve Morrison

Steve serves as the founding editor of Hemp Stash News. With over 10 years experience in the news publishing business he decided to extend his vast portfolio by editing and publishing news about the Cannabis industry. Steve has a bachelor's degree in Journalism from the Northern Arizona University.

Steve can be reached out at: Steve.Morrison@hempstashnews.com

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