July 26, 2024 8:58 pm
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Phoenix cannabis firm to buy dispensary license in all-cash deal

(Disclosure: Rose Law Group represents Copperstate Farms.)

By Angela Gonzales | Phoenix Business Journal

Phoenix-based Copperstate Farms LLC has reached a deal to pay $15 million in cash for a marijuana dispensary license in Phoenix, bringing its total number of retail locations in the Valley to five.

Minneapolis-based Goodness Growth Holdings Inc. (CSE: GDNS; OTCQX: GDNSF) has agreed to sell its Phoenix dispensary at 22041 N. 23rd Ave., along with that dispensary’s remaining inventory and equipment. Included in that $15 million deal is the Phoenix dispensary property lease and all revenue-producing contracts.

Read the full subscription story from the Phoenix Business Journal.

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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.