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Congratulations to Gammage & Burnham clients Greenwood Brewing and Made, LLC on the land use entitlement approvals for Greenwood Brewing Brewery & Taproom! We are happy to be part of helping Megan Greenwood, Greg Esser and Cindy Dach bring a unique combined microbrewery and art space to Roosevelt Row.
Gammage & Burnham partner Manjula Vaz and associate Mike Maerowitz recently secured approval of land use entitlements for Greenwood Brewing Brewery & Taproom coming to Roosevelt and 5th Street in downtown Phoenix. This new adaptive reuse project will serve locally brewed beer in a welcoming bar and beer garden environment at Roosevelt and 5th Street.
Posted by Camila Alarcon
This year’s Liquor Omnibus Bill (H.B. 2281), signed by Governor Ducey on April 26, 2019, is chock-full of new alcohol licensing opportunities for retail centers. Restaurants and bars will be able to overlap liquor licenses and sell alcohol in shared spaces. For owners and managers of retail spaces of over 400,000 square feet, the Department of Liquor Licenses and Control will establish a pilot program to allow the consumption of alcohol throughout pedestrian common areas.
Both of these changes constitute a complete turnaround from the one business, one license rule.
Gammage & Burnham partners Cameron Artigue and Chris Hering won an important victory in the Arizona court of appeals on April 5, when the court clarified that hospital lien rights extend to and include “medpay” policies issued by auto insurance companies. Under Arizona law, hospitals have liens on the personal injury claims of their patients, as well as related claims on all types of insurance except for “health insurance.” An insurance company that pays out benefits without first satisfying the lien claim is liable to pay the hospital to satisfy its lien. Farmers Insurance issued a large medpay policy, which it paid to its insured policyholder without first satisfying the lien claim of G&B’s hospital client.
Posted by Kevin Merritt
Since medical marijuana became legal in Arizona in 2010, operators in the industry have faced significant challenges in cash management and banking. At the time, effectively every financial institution refused to provide any services, since marijuana is still a Schedule 1 prohibited substance under federal law, with stiff penalties for possession, distribution and sale. As the result of that classification, every financial transaction involving the proceeds of the cannabis industry can arguably be considered money laundering under federal law. Times are changing, however…
As the legal landscape across the country has evolved, with 33 states now allowing either medical or recreational use of cannabis, the banking industry is starting to follow suit.
Posted by Chris Raddatz
The Internal Revenue Service (IRS) released its second batch of guidance late last month regarding “opportunity zones.” Opportunity Zones were created as part of the Tax Cuts and Jobs Act of 2017 to incentivize investment in designated, economically distressed communities. The 169 pages of proposed regulations provide additional guidance to investors, fund managers and others seeking to bring equity capital to operating and real estate businesses within the OZs.
While many investors and fund managers have been active in investing in the OZs, the lack of regulatory guidance has somewhat limited the activity, especially as to operating businesses (versus real estate investment).
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