Tag: Midwest

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South Dakota legislature blocks attempt to dismantle medical cannabis program

South Dakota’s medical marijuana program narrowly survived a legislative challenge that would have essentially rolled back the voter-approved system, according to South Dakota Public Broadcasting. The bill, introduced by Rep. Travis Ismay of Newell, a Republican, failed on a 7-6 vote in the House Health and Human Services Committee after …

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Innovative Industrial Properties beats fourth-quarter revenue estimates

Innovative Industrial Properties (NYSE: IIPR) eked past Wall Street expectations in the fourth quarter as its portfolio occupancy improved, though the company continued navigating tenant challenges. The cannabis real estate investment trust reported net income of $39.5 million, or $1.36 per diluted share, for the quarter that ended Dec. 31, …