Arizona Medical Cannabis Business & Marijuana Legal News

Report: Arizona Recreational Market Estimated at $480M

John Schroyer  | September 2, 2015

Recreational marijuana stores in Arizona could generate roughly $480 million in revenue during the first full year of sales if the state legalizes adult-use cannabis in 2016, according to estimates in a new report by the nonpartisan Grand Canyon Institute.

A legalization proposal

Cannabis Real Estate Company Secures $800k in Financing

John Schroyer  | August 13, 2015

An Arizona-based real estate company that specializes in cannabis-related facilities announced Wednesday that it has wrapped up an $800,000 round of funding and is immediately starting a second round.

The firm, Scientific Botanical Leasing, will use the funding for improvements on a facility leased by an Arizona MMJ dispensary that signed a 10-year agreement, as …

Guam Cultivation Limited to Strains Already on the Island

Tony C. Dreibus  | June 19, 2015

Entrepreneurs who want to grow cannabis in Guam will need to cultivate marijuana from plants already growing in the U.S. territory, yet local officials don’t know which strains are currently on the island.

The territory’s medical marijuana program, passed by voters in the November election, could look similar to Arizona’s. Guam public health …

AZ Cannabis Farmer’s Market Club Raided by SWAT

John Schroyer  | May 18, 2015

Nine people were arrested at five locations after an Arizona SWAT team raided a medical cannabis club in the Phoenix area. The 7Ten Club was known for hosting marijuana farmer’s markets twice a week.

The Club was the site of at least 18 illegal cannabis transactions while under undercover surveillance by local law enforcement,

Arizona Businesses, Advocates Unite Behind Single MJ Measure

John Schroyer  | April 17, 2015

The formerly fractured Arizona marijuana community emerged as a united front on Friday, with representatives from three separate organizations backing a single ballot measure to legalize recreational marijuana in 2016.

Political differences on how the measure should be worded seemed to be coming to a head just a few weeks ago, when Marijuana Policy Project …

Week in Review: Cheers & Jeers for MPP Head, Delivery App Asks for Help + Final New York Regs

John Schroyer  | April 3, 2015

By John Schroyer

Members of the cannabis community weigh in on a controversial move by the director of the Marijuana Policy Project, an embattled ancillary company seeks help for its legal bills via crowdfunding, and final MMJ regulations in New York disappoint potential licensees.

Here’s a look at key developments in the marijuana industry this …

MPP Director Threatens Arizona Cannabis Dispensaries Over Legalization Rift

John Schroyer  | April 1, 2015

By John Schroyer

The Marijuana Policy Project’s executive director is threatening to spend thousands of dollars to disrupt a pair of Arizona dispensaries, saying a key staffer of the businesses who also headed up MPP’s campaign to legalize recreational cannabis in the state will “pay a price” if she spearheads a competing measure.

The friction …

Chart of the Week: Arizona’s Cannabis Cultivation Over-Capacity

Becky Olson  | March 23, 2015

By Becky Olson

According to data gathered by Benchmark Commercial Real Estate (BMCRE) in Arizona, the amount of square footage approved for potential cannabis cultivation massively exceeds what the current medical marijuana – or even the future recreational – in-state market will bear.

The state already has just over one million square feet of built-out …