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Packaging firm, buoyed by legal cannabis industry, buys a building in Minneapolis suburb – Cannabis News

Demand for its moisture packs grows along with legal marijuana business.

The legal cannabis business, expected to be a $7 billion industry this year, is having ripple effects across the U.S. economy, and Minnesota’s commercial real estate industry may have had its first significant cannabis-related transaction.

The deal: a nearly $1 million building purchase by packaging firm Boveda Inc. in the Opus Business Park in Minnetonka last week.

Boveda makes a patented type of two-way moisture pack designed to keep the contents of sealed containers at precisely determined humidity levels.

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Don JacobsonStarTribune.com

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