The sale of a Missouri property is part of a larger plan by a company to grow, process and sell legal cannabis — including in the Kansas City area.
Innovative Industrial Properties Inc. announced Monday that it has purchased property in Missouri and signed a long-term lease with CPC of Missouri-Smithville LLC. The deal calls for CPS of Missouri-Smithville to build an 83,000-square-foot medical marijuana cultivation and processing facility, funded by IIP.
IIP said in a release that it paid $1.53…REIT will fund construction of $26M cannabis growing, processing facility in KC area
The sale of a Missouri property is part of a larger plan by a company to grow, process and sell legal cannabis — including in the Kansas City area.
Innovative Industrial Properties Inc. announced Monday that it has purchased property in Missouri and signed a long-term lease with CPC of Missouri-Smithville LLC. The deal calls for CPS of Missouri-Smithville to build an 83,000-square-foot medical marijuana cultivation and processing facility, funded by IIP.
IIP said in a release that it paid $1.53…