Plans to launch recreational marijuana sales in Delaware this spring have hit a major roadblock following an announcement by the state's Office of the Marijuana Commissioner (OMC) that the FBI had denied their updated service code request. The code is required to perform fingerprint-based background checks, which is a prerequisite for the impending recreational market.

The fate of Delaware's recreational marijuana market now rests on lawmakers' ability to revise legislation and meet federal requirements. The current roadblock is likely to set back not just marijuana firms but also ancillary companies operating in the format of Innovative Industrial Properties Inc. (NYSE: IIPR) that were gearing up…

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