November 22, 2024 10:18 am
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High and dry: Real estate issues present major hurdle for Valley cannabis companies

Arizona’s medical marijuana law allows cities to set dispensary and cultivation facility location restrictions

By Corina Vanek | Phoenix Business Journal

Nearly 10 years after Arizona voters legalized marijuana for medical use, dispensary owners and attorneys who work with the industry cite an unlikely hindrance in opening up shop: real estate.

“Real estate is hands down the most cumbersome and challenging part of the entire industry,” said Sara Gullickson, CEO of Item 9 Labs, a publicly traded cannabis company dealing with marijuana cultivation, production, dispensaries and transportation. “Real estate is the number one ingredient.”

Gullickson has eight dispensary licenses and founded Dispensary Permits, a consulting company for weed-oriented businesses going through the licensing and opening process. She sold the consulting business to Item 9 Labs in December when she took over as CEO.

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© 2024 Rose Law Group Reporter

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.