Marijuana REIT Innovative Industrial Properties posts $164.2M profit in 2023
Marijuana industry real estate company Innovative Industrial Properties reported $164.2 million in net income for its common shareholders in its full 2023 fiscal year.
Briefs
Marijuana industry real estate company Innovative Industrial Properties reported $164.2 million in net income for its common shareholders in its full 2023 fiscal year.
Major California marijuana producer Glass House Brands imposed “systemic quota and production demands” on workers that violated labor law, including unpaid overtime and unrealistic workloads, a lawsuit filed by an ex-worker in Los Angeles County Superior Court alleges.
The vast majority of fines levied against unlicensed cannabis retailers in New York have not been paid, underscoring the ongoing enforcement challenges in the struggling market.
Republican state Sen. Sonny Borrelli wants Arizona’s marijuana social equity licensees to regain control of their licenses, alleging that they were preyed upon by large operators and investors.
The Canadian government is increasing eight regulatory fees levied on the regulated cannabis industry beginning April 1.
Adult-use cannabis sales in Virginia would finally begin in May 2025 under a compromise proposal that advanced in the state’s Democratic-controlled General Assembly.
The Mississippi health department plans to revoke the medical marijuana testing license belonging to Natchez-based Rapid Analytics.