Tempe, Arizona Gives Green Light For MMJ Business Park| 0
Establishing vital roots in the Tempe, Arizona cannabis world, Zoned Properties, Inc. has germinated a rather bold new enterprise in the Grand Canyon State; signing a letter of intent that seeks to establish Arizona’s first medical marijuana business park.
Per the Phoenix New Times, Zoned properties – a cannabis-centric real estate company – has just inked a deal in which they agreed to lease 25,000 ft.², with an option to develop an additional 40,000 ft.², for the cultivation of medicinal cannabis and the baking of some tasty edibles.
Backing up to the Catalina Hills Care & Dispensary in the North Tucson area, Zone Properties came to terms with the City of Tempe, agreeing to invest $ 2.5 million in a property located at 410 Madison Dr. Anticipating they’ll recoup their sizable investment via monthly rentals from the hordes of marijuana companies looking to set up shop in Maricopa County after of the 2016 election.
According to today’s post, Zoned Properties, Inc. is “run by industry insider Bryan McClaren, who serves as CEO, and has a cannabis celebrity on its board of directors: Irvin Rosenfeld, a Florida stockbroker who’s one of the country’s first medical-marijuana patients to receive free cannabis from the federal government in an experiment that’s been running for 30 years. The company’s controlled and backed by McClaren’s father, Dr. Alex McClaren, the program director for Banner Health’s Orthopedic Residency Program, and Washington resident George Johnston.”