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One of two Minnesota state agencies that are in the process of making $20 million in financing available to a Missouri-based cannabis company said the loan is not a done deal.
The loan approved Tuesday by Iron Range Resources and Rehabilitation will aid a Missouri-based company’s effort to build a $68 million cannabis cultivation and manufacturing facility on the site of a long-abandoned lumber mill.
Marijuana legalization advocates ask whether the state financing gives large, out-of-state cannabis businesses a taxpayer-funded advantage over local companies.
A Missouri-based company has attracted significant state support to build a major cannabis growing and manufacturing facility in Grand Rapids, promising hundreds of high-paying jobs.
The North House Folk School in Grand Marais is undergoing a $5 million campus expansion, part of a growth in traditional folk schools around the state as more people yearn for off-screen experiences working with their hands.