Arizona Medical Cannabis Business & Marijuana Legal News

AZ recreational marijuana measure fails to make November ballot

A campaign in Arizona to put an adult-use marijuana initiative on the November ballot has fallen far short of collecting enough signatures. David Wisniewski, chairman of the Safer Arizona campaign, indicated to Capitol Media Services that the initiative was a long shot from the beginning because of lack of support from medical marijuana dispensary owners. The initiative reportedly […]

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Week in Review: Arizona’s defiant marijuana firms, California deadline & big cannabis investment in Iowa

Arizona cannabis companies defy a court decision banning the sale of extracts, California marijuana businesses deal with the state’s July 1 transition, and an emerging player in the MJ industry plans a large indoor grow in Iowa. Here’s a closer look at some notable developments in the cannabis industry over the past week. Business as […]

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Arizona dispensaries continue selling marijuana extracts, despite court ruling

Arizona’s medical cannabis businesses will continue selling extracts until a recent court ruling that outlaws concentrates is upheld by the state Supreme Court. That’s according to the Phoenix New Times, which reported that MMJ dispensaries in the state are essentially ignoring a finding by the Arizona Court of Appeals that extracts are illegal. Whether any […]

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Week in Review: FDA approves CBD drug, Arizona court bans marijuana extracts & federal cannabis reform

The FDA signs off on a cannabis-derived drug to treat epilepsy, an Arizona court says marijuana extracts are illegal in the state, and a bill that would deschedule MJ is introduced in Congress. Here’s a closer look at some notable developments in the cannabis industry over the past week. CBD’s ‘immutable support’ Marijuana advocates have […]

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Court ruling could have cooling effect on AZ’s $425M medical cannabis market

Cannabis extracts, which account for almost half of Arizona’s medical marijuana sales, are illegal, according to the state’s Court of Appeals. The court’s 2-1 ruling is a blow to one of the nation’s largest, fastest-growing MMJ markets, alt-weekly Phoenix New Times reported. Upwards of 40% of Arizona’s medical cannabis sales come from concentrates and infused […]

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Suspicions raised over Arizona group’s success in medical marijuana zoning cases

The medical marijuana zoning success in Phoenix of a group of well-connected individuals has raised questions about tactics. The Arizona Republic examined the group’s success in both opposing MMJ facilities and representing dispensaries that needed approvals to open. The cases were brought before the volunteer-helmed Phoenix Board of Adjustment. The board approved cases in which […]

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Medical cannabis firm AltMed lands $35.4 million to bolster US, international growth

Alternative Medical Enterprises, a multistate medical marijuana producer and dispensary operator, has secured $35.4 million in a private placement financing from a Pennsylvania-based investment group. The massive investment will allow the Sarasota, Florida-based firm to launch a major expansion in the United States and internationally, said Matthew Duffy, president and chief operating officer of the […]

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Medical marijuana states experience wide spectrum of wholesale prices, supply

The wholesale price and supply situation for various state medical marijuana markets is a mixed bag, with different regulations, patient counts and product availability generating diverse situations. In New Mexico, for example, medical marijuana business owners are experiencing increased demand and rising prices. Elsewhere, however, MMJ business owners are suffering the same fate as their […]

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Ontario marijuana cultivator sells shares of Arizona grower for CA$20 million

Hoping to keep the Toronto Stock Exchange at bay, a federally licensed cannabis grower in Ontario announced Friday it is selling its shares in an Arizona cannabis company for 20 million Canadian dollars ($16.15 million). Ontario-based Aphria said it would sell its shares in Copperstate Farms, a medical marijuana grower in Snowflake, Arizona, to Liberty […]

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Week in Review: CA cannabis rollout hinders sales, Arizona mulls MMJ testing & Maine rules delayed

Scotts Miracle-Gro says California’s slow implementation of marijuana regulations is hurting sales, Arizona considers medical cannabis testing, and Maine’s governor delays MMJ regulations. Here’s a closer look at some notable developments in the marijuana industry over the past week. Scotts’ sales decline Scotts Miracle-Gro CEO James Hagedorn said California’s slow rollout of regulations has hindered […]

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