Cannabis Property Firm’s Leaders Have Been Sued Over Rent Revenue Woes

Bloomberg COURT: D. Md. TRACK DOCKETS: No. 1:25-cv-00469 and No. 1:25-cv-00456 (Bloomberg Law subscription) Directors and executives of a real estate investment trust focused on industrial and retail properties for the cannabis industry concealed declining rent payments and management fees, according to a pair of shareholder derivative lawsuits. The leadership of Innovative Industrial Properties Inc. wasn’t properly overseeing the risk […]