Founding Partner Marc J. Ross Quoted on Inc.com on First Marijuana-Related Listing on the NYSE
Press Release – New York, NY – December 6, 2016 – Sichenzia Ross Ference Kesner LLP founding partner Marc J. Ross, Esq was quoted in an Inc.com article titled “NYSE Lists First Cannabis-Related Company.” The article discusses the IPO and NYSE listing of Innovative Industrial Properties, Inc., which will conduct business as an umbrella partnership real estate investment trust. The company focuses on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.
“It’s a big moment that the SEC has allowed the company to go public and the New York Stock Exchange allowed it to list,” says Ross, who also teaches a class about marijuana business and law at Hofstra. “I think it reflects the evolved thinking of the regulators as it concerns an industry that is now legal and available to more than 50 percent of Americans.”
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