Arizona Medical Cannabis Business & Marijuana Legal News

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Move afoot to test Arizona’s medical cannabis for mold, pesticides

A Republican lawmaker has persuaded nearly the entire Arizona legislature to sign on in support of his proposal to require medical marijuana to be tested for mold and agricultural chemicals. The proposal from Sen. Sonny Borrelli would appropriate $2 million from the state’s huge medical marijuana fund to do the testing. Borrelli has 78 co-sponsors […]

Read More

Oregon credit union, tech firm to offer marijuana banking services

Oregon-based Wauna Credit Union has forged a partnership with Arizona tech firm Hypur that will allow the financial institution to service marijuana-related companies. According to the Coast River Business Journal, the credit union believes the partnership will allow the institution to “become part of the solution and not part of the problem.” Hypur is providing […]

Read More

Slew of restrictive medical cannabis bills proposed in Arizona

A proposed law in Arizona would make publishing the incorrect address of a cannabis dispensary a felony. According to the Phoenix New Times, three “prohibitionist” Arizona lawmakers are trying out new ideas to stymie the state’s medical marijuana program and prevent a recreational program from becoming a reality. The proposed bills also would: Prohibit dispensaries […]

Read More

Marijuana investment firm 4Front Holdings raises $6M for out-of-state growth

Cannabis investment and management firm 4Front Holdings has raised $6 million toward its multiple-state expansion. The funds were raised through the issuance of convertible notes. According to a news release, 4Front manages operating licenses in emerging, state-legal medical cannabis markets. Here’s what you need to know: The company – which has offices in Phoenix and Boston […]

Read More

Colorado marijuana edibles maker Wana Brands expands into Arizona

As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.

According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.

Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.

Read More

Marijuana real estate company files for $100 million raise

A San Diego-based real estate company that caters to medical cannabis cultivators has filed paperwork with the Securities and Exchange Commission disclosing plans to raise $100 million. If successful, Innovative Industrial Properties’ raise would be one of the larger funding efforts for a U.S. cannabis business. The company – which began listing as IIPR on the New […]

Read More