Power REIT (NYSE-AMEX: PW) has finalized the acquisition of land parcel in southern Colorado. The Old Bethpage, New York-based real estate investment trust purchased some 4.3 acres via a subsidiary — PropCo — for $150,000. Power REIT noted Monday that it intends to use the land — dubbed Tamarack 7 — to construct a greenhouse for the cultivation of medical cannabis. PropCo obliged its tenant, Fifth Ace, through a triple-net lease it entered, to fund taxes and expenses related to maintenance and insurance of the property. The lease has a 20-year term, with two five-year ...Full story available on Benzinga.com.