April 13, 2012

5 Reasons AZ Marijuana Program’s Rise From Ashes is Good for Medical Cannabis Industry

Arizona marijuana news, MMJ dispensaries and cananbis industry updates

Last May, the medical cannabis industry in Arizona was on life support and in danger of flat-lining. This May, the industry will be flying high and embracing a bright future as the state galvanizes its medical marijuana program.

Arizona announced this week that it will accept dispensary applications from May 14-25, a major step that should pave the way for the launch of medical cannabis centers. The state will issue permits for as many as 126 dispensaries by early August. After building their medical marijuana centers, owners will then have to receive a final operating license before they can open up their doors to patients.

It’s a marked turnaround from the same time last year, when Gov. Jan Brewer halted the dispensary program over concerns that government employees could face prosecution. The move effectively put the breaks on the licensing process, raising fears that the MMJ industry in Arizona was doomed. Now everything is back on track, and dispensaries should be open by the end of the year.

Here are five benefits of the state’s decision to resume its dispensary licensing program:

#1. It will create a thriving new MMJ market and a host of opportunities for cannabis entrepreneurs and ancillary businesses, such as legal and accounting firms, hydroponics shops and marijuana software developers.

#2. It represents a significant (and much-needed) victory for the medical marijuana movement against local politicians who tried to stifle the industry.

#3. It will allow MMJ entrepreneurs to provide a safe, reliable way for patients to get their medicine.

#4. It will prop up the  entire U.S. cannabis industry by helping offset the industry’s contraction in states like California and Michigan.

#5. It could help medical marijuana initiatives in other states that have delayed the implementation of MMJ laws over concerns of federal prosecution. The fact that Arizona has decided to move forward with its cannabis program could be enough to sway elected officials in these states to proceed with MMJ programs.

Post Your Comment:


Please note:
Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.

Marijuana Business Daily to Resume Publishing Tuesday

Marijuana Business Daily is closed for the long holiday weekend. We’ll resume publishing on Tuesday. [click to continue...]

OH Legalization Campaign Sabotage Allegation Tossed

A complaint filed by one marijuana legalization campaign against another in Ohio was dismissed unanimously [click to continue...]

Big MN-Backed Grower Applies for Coveted NY License

new york mmj

Kyle Kingsley, MD, is hoping he’s found a way to expand his cannabis cultivation company [click to continue...]

Four WA Rec Stores Sell to Minors in Sting Operation

A quartet of recreational cannabis shops in Washington State wrongly sold marijuana to minors in [click to continue...]

New Lawsuit: CO Cannabis Baron Breaking IL MMJ Rules

Yet another lawsuit has been filed in Illinois over the licensing process in the state’s [click to continue...]

Facebook Blocks MMJ Educational Video

regulations

Medical cannabis apparently isn’t socially acceptable in Connecticut. At least, not by Facebook. A marketing [click to continue...]

Former OH Lawmaker Joins Cannabis Legalization Campaign

Former state Senate Minority Leader Eric Kearney, a Democrat from Cincinnati, has been hired by [click to continue...]

‘Worthless’ CBD Bill Heads to Texas Governor

The Texas Legislature has sent a bill allowing CBD treatments for some epilepsy patients to [click to continue...]

Debate Over New MMJ Business Restrictions in Oregon

Oregon medical marijuana developments and cannabis news

Just a week after one legislative committee fought to a standstill over Oregon’s medical cannabis [click to continue...]

Cannabis Cultivation Contender in Illinois Drops Lawsuit

One of several losing contenders in Illinois’ medical marijuana program has withdrawn a lawsuit it [click to continue...]

Denver MJ Law Firm Funds Local Cannabis Professorship

Vicente Sederberg LLP, perhaps one of the best known marijuana legal firms in the country, [click to continue...]

AZ Cannabis Farmer’s Market Club Raided by SWAT

arizona medical cannabis

Nine people were arrested at five locations after an Arizona SWAT team raided a medical [click to continue...]

Denver Grower Loses Court Fight Over Pesticide Quarantine

Denver marijuana cultivator Organic Greens was shot down in court on Friday by a district [click to continue...]

Revamped MA Dispensary Guidelines Make Process More Transparent

Medical marijuana dispensary license applicants in Massachusetts will be judged on their own merits under [click to continue...]

Marijuana Business Daily