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Marijuana Firm Buys Buildings In Florida

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Marijuana (Source: David McNew/Getty Images)

Marijuana (Source: David McNew/Getty Images)

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Medical Marijuana

BRADENTON (CBSMiami/AP) — Positioning itself before a state legislators take up a medical marijuana measure later this year, a publicly traded firm which grows medical marijuana has acquired a trio of industrial buildings just north of the Sarasota-Bradenton International Airport.

Cannabis Rx is believed to have recently paid roughly $1.2 million for the 9.26-acre property, according to the Herald-Tribune.

The company’s chief executive says the property would serve as an ideal location for a licensed grow facility and/or distribution center.

In November, Florida voters will consider whether to approve an amendment to the state constitution that would legalize marijuana for medical use with a prescription from a physician.

Based on recent polls of registered voters, the amendment stands a good chance of passing by the required 60 percent majority.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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