With legalization of marijuana becoming more and more widespread across the United States, a formerly underground industry has been making its way into the larger world of legal business. Innovative Industrial Properties, Inc. (IIPR) is one of the latest and most notable companies focusing on marijuana to hit the markets, and the company had a fairly quiet IPO on Thursday, December 1. What makes IIP a standout compared with other marijuana-focused companies, and what should investors expect from this business?
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On Sept. 18, 2017, at 4:30 p.m. CT, the Natural State closed the application window for cultivators and distributors seeking Arkansas medical cannabis licenses. The Department of Finance and Administration received a total of 322 applications, with roughly 200 coming in on the last day to apply.
The ongoing drama over who can distribute recreational marijuana in the state of Nevada is now heading before the Nevada Supreme Court.
On Sept. 18, 2017, the Louisiana State University Agricultural Center announced that it had finalized its LSU medical marijuana contract with GB Sciences Louisiana, a subsidiary of GB Sciences (OTCQB:GBLX).