The decision to award a new cannabis company on the Iron Range millions in publicly-funded loans is raising questions among elected officials and industry stakeholders, who have concerns about the size of the investment and scope of the business plan.

The Iron Range Resources and Rehabilitation Board on Tuesday signed off on the assistance for the HWY35 LLC project, which will transform an old lumber mill into a $67 million cannabis cultivation and manufacturing facility run by founders who operated businesses in Missouri. 

To read the full story, visit the CBS Minnesota News site here. 

Related: MN Department of Iron Range Resources & Rehabilitation approves $10 million dollar loan for future cannabis facility in Grand Rapids