April 24, 2024 2:05 pm
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Master plan set for cultivation facility

medical marijuana site

medical marijuana siteBy Roland Murphy | AZBEX

The mainstreaming of licensed cannabis operations as a force in Arizona real estate and development took another step forward this week with the announcement by Scottsdale-based Zoned Properties of a mixed-use, master planned cultivation facility in Chino Valley.

The property has been leased to a licensed marijuana cultivation tenant on a 20-year, NNN structure. Currently on the 47.6-acre site is a 35KSF operational facility. Another 45KSF is planned for development by year end.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.