Arizona lawmakers are pushing to return social equity licenses for marijuana dispensaries to their original owners, alleging private investors and cannabis corporations used predatory tactics to seize control of nearly all the lucrative licenses. “We now have here in Arizona a situation where 24 of 26 of these social equity licenses are now fully controlled by companies or people who do not belong in these special groups to get this license.” By Natasha Yee, Arizona Center for Investigative Reporting Arizona… Read more.
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Arizona has awarded the first round of Justice Reinvestment Grants to 18 community nonprofits, state officials announced last week. The program, created by the state’s 2020 marijuana law, is funded by revenue from taxes on legal cannabis sales. The grants program supports a variety goals of including public and behavioral health, such as substance use prevention and treatment; workforce development and mentorship programs in economically disadvantaged areas; “addressing the underlying causes of crime” and reducing the state prison population; and developing… Read more.
Have you ever pondered the landscape of cannabis regulations across the United States? Amid a shifting legal terrain where nearly half of the states have embraced recreational cannabis and 38 have legalized medical marijuana, the complexities abound. Despite federal law maintaining cannabis as an illegal substance, each state charts its course with unique rules and regulations. Deciding on the optimal cannabis state involves considering various factors, such as whether the state permits medical, recreational, or both cannabis programs, the presence of… Read more.
In the midst of years marked by rapid expansion and recent swift exits, some of the nation's leading cannabis multistate operators (MSOs) have continued to streamline their operations this year, as revealed in the latest update on the activities of several major MSOs in the country. Over the past five months, two of the largest MSOs in the country, Trulieve Cannabis based in Florida and Cresco Labs based in Chicago, have withdrawn from state-legal cannabis markets. This strategic move reflects their ongoing… Read more.
As Arizona’s remaining social equity license holders scramble to open marijuana dispensaries before a looming October deadline, private investors and major cannabis corporations have continued to wrest control away from the individuals the program was designed to benefit. In at least four recent cases, AZCIR found, licensees wound up on the losing end of legal battles, ultimately cutting short their prospects of long-term profits in a budding industry. One social equity license holder signed an operating agreement that would put his business… Read more.
More than half of Arizona’s 26 social equity retail licensees are poised to miss a key deadline to open their cannabis shops by Sunday, Oct. 8. The group of operators – currently numbering 14 – could face penalties for failing to meet the state-mandated deadline. Those sanctions could include having their licenses revoked. But state regulators have indicated that they won’t go that far and will instead give the dozen or so social equity license holders more time to get… Read more.
Trips to the Bahamas. Rolex watches. Expensive cars. Exclusive concert tickets. Or literally just bags of cash. Those are all ways used by independent marijuana brands in Arizona to buy their way onto dispensary shelves, according to several industry insiders, responding to the news that multistate operator Trulieve Cannabis Corp. – which runs 21 dispensaries in the state – filed a lawsuit against former employees alleging a “commercial bribery” scheme. “Those are all the same concepts. It’s all just paying for shelf… Read more.
Workers at a Phoenix, Arizona cannabis dispensary went on strike last week after the company, Curaleaf Midtown, failed to negotiate a contract despite the workers voting to join the UFCW Local 99 in June 2022, FOX 10 Phoenix reports. The strike marks the first time cannabis industry employees have gone on strike in Arizona. The workers are demanding better pay and benefits, better working conditions, and safety. They are also demanding that Curaleaf Midtown reinstate a recently fired worker and start advancing union contract negotiations. According… Read more.
When Arizona set out to legalize marijuana, backers emphasized their intent to make the program equitable and ensure that those who had been most hurt by cannabis criminalization were given priority in the new marketplace. Now, a new lawsuit is raising questions about whether the state is adequately meeting those equity goals. Of 26 business licenses that the Arizona Department of Health Services (AZDHS) awarded last year to social equity applicants, nearly all are now owned by other companies or… Read more.
Arizona marijuana stores are voluntarily recalling edibles products for the third time this summer – this time out of concern they might be contaminated with salmonella bacteria. The latest recall is for Phoenix-based Nirvana Center’s Cloud 9 gummies, a grape-flavored, cannabis-infused edible under the batch number C9G04102023, according to the Tucson Sentinel. After spotting the potential contamination on testing documentation, a licensing inspector for the Arizona Department of Health Services (ADHS) notified the facility that manufactured the products. The manufacturer then notified… Read more.
Recreational sales for the month rang in at $100.7 million. Arizona recreational marijuana sales passed the nine-figure mark for the first time in March since the adult-use market launched in January 2021, according to data from the state Department of Revenue. That month, recreational cannabis sales inched past the threshold for a final tally of $100.7 million, in addition to $32 million in medical marijuana sales. In April, however, the adult-use market came down a bit and hit only $86.4 million… Read more.
After the markets closed on Friday, MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) announced the resignation of Ana Bowman as Chief Financial Officer, effective June 29, 2023. Bowman has served as CFO since 2022 and MedMen has begun a formal search for a new CFO. “We thank Ana for her leadership and guidance during MedMen’s restructuring. Ana was instrumental in helping us achieve positive adjusted EBITDA for the last two quarters,” said Ed Record, MedMen’s CEO. “We wish her all the best in her future endeavors.”… Read more.
Cannabinoids are a beautifully fundamental aspect when it comes to consuming cannabis. There are more than 100 known cannabinoids — naturally occurring compounds within the cannabis plant. A handful of major players are found in commercial cannabis products. In the human body, cannabinoids interact with cannabinoid receptors, also referred to as the endocannabinoid system (ECS). The ECS is a complex and important network that works to help regulate pain, appetite and even inflammation. When cannabinoids are used in conjunction with… Read more.
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… Read more.
The Arizona Court of Appeals on Tuesday ruled that some convictions for cannabis sales are eligible for expungement under the state’s adult-use cannabis legalization law, AZ Mirror reports. In the unanimous opinion, Judge Brian Furuya reversed a previous ruling from a Maricopa County Superior Court judge that denied expungement of a man’s 2014 cannabis sales conviction. The appellate court order forces the trial court to grant the expungement petition. The appellate judges concluded that, because transportation of cannabis is now eligible for expungement, and because transportation of cannabis for… Read more.
Arizona Gov. Katie Hobbs (D) last week signed the state’s $17 billion budget bill into law; the budget includes about $5 million dedicated to whole-mushroom psilocybin research, the Arizona Mirror reports. Renowned medical cannabis and psychedelics researcher and principal investigator at the Scottsdale Research Institute Dr. Sue Sisley — who had pushed for the funding — said the $5 million was a good starting point for medical psilocybin trials. Additionally, the funding’s emphasis on whole mushroom research makes it unique from most other studies… Read more.
Everyone talks about the homeless problem, and now the DUI problem, but never addresses what has really changed in Arizona. The decision to legalize cannabis was a major mistake, especially after seeing the negative effects it had on Colorado after that state legalized recreational marijuana before the pandemic. The gateway drug is now legal, and the access to all drugs is out of control. We cannot blame this on our county officials. Unfortunately, we the voters created this new environment. (Full Story) Read more.
Dispensaries across metro Phoenix are celebrating April 20 — also known as Weed Day — with block parties, giveaways and deals three years after recreational marijuana was legalized in Arizona. Some events will take place on the actual holiday while others have delayed the celebration by a day so people can celebrate on a Friday (April 21). The "dopest" block party will return to the streets of downtown Phoenix for its second year and a "transcendent" cannabis-infused dining experience will… Read more.
Arizona is among several states moving to crack down on delta-8 THC, a hemp-derived substance that's largely unregulated. The big picture: Arizona, Kentucky, Louisiana, Texas and Virginia are all eying legislation to close delta-8 sales loopholes over concerns that kids could consume it, Axios' Tina Reed reports. Details: Delta-8 is chemically similar to delta-9 THC, which is the primary psychoactive ingredient in marijuana. It's manufactured from the cannabidiol, or CBD, that occurs naturally in hemp. Many users report the high that results from consumption… Read more.
Marijuana entrepreneur Marvina Thomas is the first Black woman to own a legal cannabis store in Arizona. Thomas, who also owns and operates a legal marijuana outlet in Las Cruces, New Mexico, “entered into an agreement to operate and acquire” the Arizona Wellness Center in Safford, spokesperson Sadie Thompson told MJBizDaily. That permit was one of six new licenses issued earlier this month, Thompson said. David Fowler, co-founder and executive director of the Marijuana Industry Trade Association of Arizona (MITA-AZ) , confirmed to MJBizDaily that Thomas is… Read more.
A bill proposed in Arizona would allow patients with autism and post-traumatic stress disorder (PTSD) to access medical cannabis products in the state, the AZ Mirror reports. The measure passed the House Health and Human Services Committee 7-2 on Monday. Earlier this month, the legislation was approved by a bipartisan 24-6 vote in the state Senate and will move next to the full House after approval by the Health and Human Services Committee. During testimony on the measure, Aaron Jacobs, the father of a… Read more.
Jupiter Research, a marijuana vape cartridge subsidiary of Phoenix-based Tilt Holdings, refinanced and extended its revolving credit facility. The amount of credit available to Jupiter increased from $10 million to $12.5 million, according to a Tuesday news release. The debt now matures July 21, 2024, instead of July 2023. The interest rate is the prime rate plus 3%. The funds are secured against Jupiter’s property, inventory and accounts receivable as well as through a $6 million guaranty from Tilt. Jupiter initially entered… Read more.
Women-led multi-state operator The Flower Shop is focused on curating a larger selection of cannabis flower and products in a growing number of state markets. The company showcases artisan and craft cannabis products in a reimagined retail setting tailored to appeal to both men and women. “We operate in Arizona, Utah, New Jersey, and we will be going to Florida—hopefully soon,” says President of The Flower Shop Greta Brandt, as the company is currently securing licensing in the newer states. As president… Read more.