Arizona bill aims to expand shrinking medical marijuana market

June 3, 2023 · MJ Biz Daily

Flag of Arizona state, United States. 3D illustration

A bill making its way through the Arizona state legislature aims to significantly cut the price of medical marijuana cards, at a time when MMJ sales and patient registration have fallen dramatically.

SB 1466, which passed the state Senate in March, would lower the price of MMJ cards from $150 to $50 for the general public, according to Phoenix New Times.

Veterans would receive cards for free, the newspaper reported.

The bill also would expand the list of qualifying conditions to include autism spectrum disorders and post-traumatic stress disorder.

Ninety-four percent of existing MMJ card holders listed chronic pain as a qualifying health condition, according to the latest state data.

The legislative proposal comes amid a deep slide in MMJ sales and the number of qualified patients.

As of February, the latest month for which statistics are available, Arizona MMJ sales fell to $28.2 million, the lowest monthly total since Arizona launched adult-use retail in January 2021, according to the Arizona Department of Revenue.

Adult-use sales in February accounted for 73.1% of the $105.2 million in total marijuana sales.

Meanwhile, the number of qualifying medical marijuana patients in Arizona through April fell to 127,266, a drop of nearly 85,000 patients since April 2022.

The total number of medical patients has decreased nearly 57% from 295,295 in December 2020, the last month before recreational retail sales began. (Full Story)

In category:Medical
Next Post

Kansas gov won’t use executive powers to legalize medical marijuana

Kansas Gov. Laura Kelly said this week that she will not use her office’s executive powers to legalize medical marijuana or to decriminalize cannabis possession. A vocal advocate of marijuana reform who nonetheless says she opposes adult-use legalization, Kelly has said she would sign a…
Previous Post

5 Medications You Should Avoid Using With Cannabis

While cannabis undoubtedly has a wide range of potential benefits, including pain and anxiety relief, there are some prescription medications you should avoid using with weed, even if you are a medical marijuana patient. Cannabis may interact negatively with your…
Random Post

Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo

The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered “suspicious” just because of the federally prohibited nature of the…
Random Post

Cops Smoke Weed, Too! - NJ Judge Reinstates New Jersey Police Officer Who Tested Positive for Marijuana

After testing positive for THC in a drug test, a police officer in Jersey City, New Jersey, faced dismissal. However, in a recent development, the officer, Norhan Mansour, has been reinstated to his position, complete with retroactive pay. Notably, this incident…
Random Post

The US Cannabis Industry is Booming If You Don't Count the $3,800,000,000 Owed in Back Taxes and IOUs

The cannabis industry is great at not paying their bills. If you remember the video that went viral for the dispensary owner saying the key to making money is not paying your vendors, and just let them go out of business. In…
Random Post

U.S. Health Secretary Already Working With FDA On Cannabis Scheduling Review

U.S. Health & Human Services Secretary Xavier Becerra is already working with the FDA to review cannabis’ federal scheduling status as directed by President Biden during his pardoning announcement last week. The U.S. Health & Human Services (HHS) Secretary Xavier…