Chicago-based Cresco Labs will sell two cultivation and processing facilities in Illinois to Innovative Industrial Properties, a real estate investment trust company (REIT), for $46.3 million as the multistate operator prepares for a “significant increase in demand” when recreational marijuana sales become legal in the state Jan. 1. The facilities, which will continue to be
Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Originally posted on Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal via George Scorsis Medical Marijuana News
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