arizona marijuana Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

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,…

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…

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 2022 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…

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…

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.…

Recreational marijuana sales remain steady as medical sales plummet in Arizona

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…

Arizona to hold drawing for social equity marijuana establishment licenses

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.…

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…

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…

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…

Arizona dispensaries said they sold $120M in marijuana in March, but here’s why that number is off

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…

Arizona sees first tax revenue from recreational marijuana

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…

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…

Could Arizona Dispensaries Start Selling Recreational Pot Soon? Like, Really Soon?

January 19, 2021
AggregatedNews
Arizona
0 Comments

We know a few things about how the sale of recreational marijuana will begin in Arizona, following the successful effort to legalize it in November. We know that Tuesday, January 19 — that’s tomorrow — is the day the state will…

What States Will Make From Marijuana Legalization

November 7, 2020
AggregatedNews
Arizona, Mississippi, Montana, New Jersey, South Dakota
0 Comments

Tuesday's election was a landslide win for marijuana. Five states: Arizona, Mississippi, Montana, New Jersey and South Dakota voted in support of legalizing cannabis in some fashion. All the states, with the exception of Mississippi, approved recreational cannabis, while Mississippi…