Arizona tried adding equity into marijuana licensing. Dispensary chains still took over January 22, 2024 AggregatedNews Arizona 0 Comments Would-be partners have offered Abel Ochoa "crazy amounts of money" for the social equity marijuana license he and his cousin own. "I had somebody offer me $17 million," he said, laughing. "If I would've just took the money, like yeah,… Read More→
Arizona is oversupplied with marijuana as brands seek shrinking shelf space in dispensaries November 3, 2023 AggregatedNews Arizona 0 Comments When marijuana was outlawed in Arizona, smoking the plant’s flower was the primary way to feel its effects. Now adults and medical patients can instead choose vape pens, gummies and even beverages. Machinery filled and sealed a long line of… Read More→
Arizonans spent more than $1.4 billion on marijuana in 2022, driven by recreational sales February 23, 2023 AggregatedNews Arizona 0 Comments Total Arizona marijuana sales in 2022Â mirrored the total from 2021, the first year of the legal adult use market, but the paths that each year reached $1.4 billion in sales were strikingly different. In 2021, medical marijuana sales were the… Read More→
With recreational cannabis sales soaring, Arizona’s medical marijuana industry is struggling to adapt August 30, 2022 AggregatedNews Arizona 0 Comments Arizona’s commercial marijuana market has gone through a seismic shift since 2021 began. Adult-use and recreational sales have overtaken medical marijuana, as cardholders abandon certifications and established businesses wrestle with the need to change with the times. Throughout 2022, the Arizona… Read More→
Recreational marijuana sales soar over medical marijuana in Arizona August 25, 2022 AggregatedNews Arizona 0 Comments It looks like recreational marijuana use is big bucks for Arizona. Medical marijuana usage plummeted as recreational use soars to a new high. According to the Arizona Department of Revenue (ADOR), adult-use (recreational) marijuana sales rose over $58.2 million in June.… Read More→
Recreational marijuana sales remain steady as medical sales plummet in Arizona July 12, 2022 AggregatedNews Arizona 0 Comments Cannabis sales in Arizona continue to be robust overall, thanks to the continued explosion of recreational sales. But as adult-use recreational sales are increasing, medical marijuana totals are in a free-fall that began last year. The Arizona Department of Revenue… Read More→
Arizona to hold drawing for social equity marijuana establishment licenses March 29, 2022 AggregatedNews Arizona 0 Comments The Arizona Department of Health Services will hold a drawing next week for social equity marijuana establishment licenses. 1,500 people applied for 26 licenses. The social equity licenses are required by the same ballot measure that legalized marajuana in 2020.… Read More→
Arizona recreational marijuana sales worth over half a million dollars in 2021 January 25, 2022 AggregatedNews Arizona 0 Comments New data from the Arizona Dept. of Revenue shows that one year after recreational marijuana use became legal in the state, its generated over $44 million in tax revenue. Combined with medical marijuana sales, total sales of marijuana topped $1.2… Read More→
Arizona accepting applications for 26 lucrative marijuana licenses for ‘social-equity’ December 2, 2021 AggregatedNews Arizona 0 Comments The Arizona Department of Health Services has started accepting applications for "social-equity" marijuana shop licenses despite lawsuits seeking to stop the program and make it more inclusive. The new licenses are intended to help people harmed by previous marijuana laws before… Read More→
Advocates believe forgiveness for marijuana crimes does not go far enough in Arizona September 2, 2021 AggregatedNews Arizona 0 Comments Since Arizona county attorneys started accepting applications from those looking to dismiss prior marijuana possession charges, the Maricopa County Attorney's office has been busy. A spokeswoman said their attorneys have prepared 5,714 petitions to expunge marijuana charges from defendant records… Read More→
Arizona dispensaries said they sold $120M in marijuana in March, but here’s why that number is off June 3, 2021 AggregatedNews Arizona 0 Comments Arizona marijuana dispensaries reported selling nearly $120 million worth of products in March, though officials at the Arizona Department of Revenue say the initial tax data are not yet reliable. The total sales and tax collections are jumbled because some… Read More→
How Arizona Won the Weed Legalization Race March 30, 2021 AggregatedNews Arizona 0 Comments Four states voted to legalize recreational cannabis in November. Only one is selling it so far. PHOENIX — When Arizonans voted to legalize recreational cannabis in November, it seemed plausible that sales would begin sometime in the spring. But on… Read More→
Arizona sees first tax revenue from recreational marijuana March 16, 2021 AggregatedNews Arizona 0 Comments During the last 11 days of January, Arizonans bought $2.9 million worth of legal recreational marijuana according to the state Department of Revenue. Records for January’s transaction privilege tax or sales tax show that Arizona residents were buying about $264,000… Read More→
Arizona Recreational Marijuana Dispensary Licensing Limitations and the Cultivation Course into the Industry March 9, 2021 Kate Pokorski Arizona 0 Comments Given the early success Arizona marijuana dispensaries have seen in the sale of recreational marijuana, it is no surprise that investors and entrepreneurs want in on the action.[1]However, Arizona’s licensing system proves to be a substantial obstacle for new entrants… Read More→
Recreational marijuana sales could begin in Arizona later in week January 20, 2021 AggregatedNews Arizona 0 Comments Arizona adults could be legally purchasing marijuana for recreational use by the end of the week. State health officials began accepting applications Tuesday to run some of the more than 120 recreational sites that voters agreed to in November to… Read More→