November 22, 2024 2:26 am
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Scottsdale’s Cannabis-Rx buying up real estate for marijuana-related businesses – Rose Law Group Partner, Ryan Hurley, says he is seeing a trend

Ryan Hurley

by Angela Gonzales for Phoenix Business Journal

Ryan HurleyCannabis-Rx Inc., a Scottsdale-based real estate company that is buying real estate for the medical marijuana industry, has paid $3.26 million for properties in California, Illinois and Florida.

Ryan Hurley, an attorney with Rose Law Group pc in Scottsdale, said he is seeing a trend in over-the-counter public companies looking to capitalize on the expanding popularity and profitability of the legal cannabis markets.

“These types of companies can help fill a niche where traditional debt financing from banks is nonexistent,” Hurley said. “There is a lot of competition in this space, and the devil is in the details. Finding suitable, properly zoned properties is incredibly challenging.”

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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.