Innovative Industrial Properties (IIP) said it has extended its geographic footprint into Missouri through a sale-leaseback deal with CPC of Missouri – Smithville, a subsidiary of Massachusetts-based multistate operator Calyx Peak.
John Schroyer
John Schroyer's Latest Posts
‘Millions of pounds’ of legal marijuana diverted to underground market, California lawsuit alleges
Major flaws in California’s marijuana regulatory system have allowed criminals to gain control of legal distribution permits and divert “untold millions of pounds” of cannabis to the illicit market – all while state officials “turn a blind eye,” a new lawsuit charges.
Proposed changes to Michigan cannabis caregiver rules spur protest
A series of bills introduced this month in the Michigan Legislature – and supported by large marijuana businesses – was met with a wave of backlash from angry medical cannabis patients who want the caregiver system in particular to remain untouched.
More California marijuana companies sue state over revoked licenses
At least four California marijuana companies have sued the state after regulators revoked their provisional business licenses, alleging they were treated unfairly and not allowed to appeal the revocations to an independent mediator.
Gov’s recall-election wins means status quo for California cannabis sector
California Gov. Gavin Newsom eased the concerns of some in the cannabis industry Tuesday night when he won in a landslide over conservative activists who had forced an off-year recall election. With roughly two-thirds of the ballots counted, the Associated Press...
California authorities struggle to curb illicit marijuana operators who challenge legal firms
A recent $1 billion bust on the outskirts of Los Angeles County unearthed the vast scope of California’s underground marijuana market and the challenges of reining in illegal operators who are undercutting the state’s licensed cannabis businesses.
South Dakota rejects some restrictive medical marijuana proposals
Lawmakers in South Dakota approved a vast majority of proposed medical marijuana industry regulations submitted by the state health department, but they rejected several specific rules that would have restricted the MMJ program.
California marijuana, hemp industries hail CBD bill passage, but farmers might sue to halt it
Marijuana and hemp industry officials are delighted now that the California Legislature has given final approval to a bill that will allow a formal pathway for hemp-based CBD to be used legally in foods, beverages and other products in the state.
Questionable New Mexico cannabis license raises allegations of unfairness
The New Mexico cannabis industry is in an uproar over allegations of favoritism by state regulators after the lead agency overseeing medical marijuana companies quietly reopened applications for business licenses, awarded one permit and then closed the window again.
Lawyer with cannabis industry ties, ex-New York senator picked for MJ board
An attorney with reportedly deep expertise in both the U.S. and Canadian cannabis industries and a former state senator were appointed to the board that will oversee New York’s upcoming recreational cannabis market.
CA lawmakers approve hemp regulatory bill that divided marijuana sector
A long-debated bill to establish new hemp rules in California – but which drew the ire of business owners in both the hemp and marijuana sectors – has gained final approval from state lawmakers.
California cannabis regulators issue new, consolidated industry rules
The newly merged California Department of Cannabis Control (DCC) on Wednesday released a 197-page draft of cannabis industry regulations, including allowing broader sales of branded merchandise and sharing product samples among those in the supply chain. The release...
