Arizona Medical Cannabis Business & Marijuana Legal News

Canadian cannabis firm Green Growth enters Arizona with $12M Desert Rose purchase

Toronto-based Green Growth Brands is entering its third U.S medical marijuana market with the $12.35 million cash acquisition of ZLJT and Arizona Natural Pain Solutions, better known collectively as Desert Rose. Arizona had 186,000 registered MMJ patients as of December 2018. Desert Rose serves roughly 400 medical marijuana patients daily. Green Growth, which trades on the Canadian […]

Read More

Arizona Supreme Court to rule on legality of medical marijuana extracts

The Arizona Supreme Court will rule on whether medical marijuana extracts are legal to sell and possess, giving hope to the state’s MMJ businesses that they’ll be allowed to manufacture and peddle infused cannabis products without fear of legal repercussions. The court has agreed to review the legality of the products after a challenge to a June […]

Read More

Marijuana company TILT Holdings inks $210 million deal to buy vape tech firm

TILT Holdings, a Massachusetts company specializing in cannabis technology, cultivation and support solutions, agreed to acquire Jupiter Research, a Phoenix-based vaporization technology business, for $210 million. TILT CEO Alex Coleman said in a news release the acquisition “is paramount to our goal of consolidating and centralizing services for all industry verticals: cultivation, production and retail.” Founded […]

Read More

Arizona marijuana consulting firm acquired by Item 9 Labs

One of the longest-operating cannabis consulting firms in Arizona, Dispensary Permits, has been acquired by publicly traded corporation Item 9 Labs for $1.5 million and 3 million shares of stock. Here are the basics of the deal: Item 9 Labs (OTC: INLB) said in a news release the agreement includes ownership of websites dispensarypermits.com and dispensarytemplates.com, along with […]

Read More

MedMen pens $33 million deal to expand its reach in Arizona cannabis market

Los Angeles-based MedMen inked a $33 million deal to acquire an Arizona-based vertically integrated marijuana firm. The cash and stock deal will give MedMen a controlling interest in cannabis cultivator, producer and retailer Kannaboost Technology and CSI Solutions – referred to collectively as Level Up. Here are the basics behind the deal: MedMen expands its […]

Read More

Marijuana firm Cresco Labs expands in Arizona, Illinois

Just weeks after closing a $100 million capital raise, Chicago-based Cresco Labs is growing again – this time through acquisitions in Arizona and Illinois. The multistate cannabis firm announced that it has acquired Arizona Facilities Supply, which provides management services to Encanto Green Cross Dispensary. Encanto is licensed to cultivate, process and dispense medical marijuana […]

Read More

Chart: Declines in wholesale prices hammer major recreational cannabis markets

Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient. According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% […]

Read More

Week in Review: Arizona AG ditches anti-hashish stance, MMJ gains in NJ-PA & CA updates proposed cannabis rules

Arizona’s attorney general abandons his bid to make medical cannabis hashish illegal, New Jersey and Pennsylvania report sizable gains in their MMJ patient populations, and California releases its latest draft of permanent rules for the cannabis industry. Here’s a closer look at some notable developments in the cannabis industry this week. Arizona high court likely […]

Read More

Arizona AG retracts bid to make extracts illegal for medical marijuana patients

Arizona Attorney General Mark Brnovich has withdrawn his request asking the state Supreme Court to declare medical marijuana hashish and cannabis extracts illegal for MMJ patients. His reversal could help ease the worries of MMJ companies across Arizona that stood to lose significant revenue from the sale and production of extracts if they were banned. Capitol Media […]

Read More