Predatory investors hijacked the cannabis social equity program in Arizona, where only three of the original 26 license winners still have a stake in their businesses, according to allegations filed in court and repeated in the state Legislature.
Arizo…
Arizona marijuana
Arizona cannabis social equity reform failure highlights broader struggle
Predatory investors hijacked the cannabis social equity program in Arizona, where only three of the original 26 license winners still have a stake in their businesses, according to allegations filed in court and repeated in the state Legislature.
Arizo…
Terra Tech acquires marijuana competitor Unrivaled in all-stock deal
California-based Terra Tech Corp. said Wednesday it finalized a deal to acquire another West Coast marijuana multistate operator, Umbrla, which does business as Unrivaled and includes multiple MJ brands in its portfolio. Terms of the deal were not disc…
Arizona medical cannabis firms qualify for second grow permit, regulators say
Arizona’s longstanding 130 medical cannabis businesses – which are vertically integrated, by law – may now each snag a second cultivation license under a relatively new interpretation of the recreational marijuana legalization initiat…
Newly legal states offer marijuana growers fresh opportunities, but some greener than others
The legalization ballot measures that voters approved on Nov. 3 created cannabis markets in five U.S. states – Arizona, Mississippi, Montana, New Jersey and South Dakota – and while the rules and regulations are still yet to be ironed out, some of the …
Canada’s Ayr Strategies buys Arizona medical cannabis firm for $81 million
Multistate cannabis operator Ayr Strategies announced an $81 million acquisition deal that will allow the Toronto-based company to enter Arizona, giving it three storefronts in the Phoenix metro area and two cultivation facilities. The deal comes on th…
Four years after narrow loss, Arizona is 13th state to legalize recreational cannabis
Arizona voters on Tuesday overwhelmingly approved adult-use cannabis legalization, making the state the 13th to legalize the cultivation and sale of recreational marijuana.
Four years after narrow loss, Arizona is 13th state to legalize recreational ca…
A new Arizona adult-use cannabis market may offer limited business opportunities
Even if Arizona voters back recreational marijuana legalization on Nov. 3, don’t expect a wide-open cannabis market with lots of new business licenses immediately up for grabs in the Southwest state. That could change over time, depending on the …