Copperstate Farms Management, LLC, a vertically integrated cannabis company based in Arizona, has reached an agreement to acquire management rights and control of two Level Up (formerly MedMen Arizona) marijuana licenses and dispensaries in North Scottsdale and Tempe. The locations include dispensary retail spaces, as well as a 25,000 square-foot cultivation and processing warehouse. The acquisition of the Level Up operations will further expand the Copperstate Farms retail footprint and solidify its market share in Arizona under the Sol Flower banner. This follows the passage of Proposition 207 in the 2020 election, allowing recreational marijuana use and cultivation by adults 21 or older in Arizona.
Sean Hocking, Cannabis Law Report, 11/05/2020 19:55:47