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How a Real Estate Company Came to Own Three Cannabis Cultivation Facilities in Illinois

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Three of the licensed cannabis cultivation facilities planning to serve Illinois' forthcoming adult-use market will soon be owned by Innovative Industrial Properties (IIP), a California-based real estate investment trust (REIT) that acquires property assets and leases them back to cannabis licensees to provide them with capital. "We believe that our years of experience in the regulated cannabis real estate industry and decades of commercial real estate experience overall have earned us a reputa...

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