Giant marijuana joints being raffled off by Michigan dispensary chain for 4/20
Updated 11:49 AM;
Today 11:30 AM
A person holds a giant joint, the same one as 30 of them being raffled off this week by Skymint dispensaries in celebration of 4/20. (Photo provided by Skymint)
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To celebrate 4/20, a chain of recreational marijuana dispensaries in Michigan is giving away giant joints nearly 10 times the normal size.
Anyone who shops at one of 12 Skymint locations across the state on Tuesday, April 20, has a chance to win one of 30 massive joints. Those who shopped at Skymint on Monday, as well, were also entered into the raffle.
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Cannabis-focused real-estate company Innovative Industrial Properties, Inc. (NYSE:IIPR) confirmed Monday it has bought a property in Windsor, Michigan for around $15.6 million. The property is located at 9410 Davis Highway.
What Happened
In relation to the transaction, the company signed a long-term, triple-net lease agreement with Green Peak Industries LLC (known as Skymint Brands). Skymint plans to run the property as a cannabis cultivation, processing and distribution facility, once the improvements for the industrial building are finalized.
The building covers roughly 175,000 sq. ft. of space, and IIP approved to compensate up to around $14.4 million for its redevelopment. In case of granting the full reimbursement, the company’s total investment in the property will amount to $30 million.