Arizona Medical Cannabis Business & Marijuana Legal News

Phoenix City Council shoots down “ambush-style” medical marijuana tax

Phoenix’s City Council on Tuesday unanimously killed a proposed medical marijuana tax that would have cost some MMJ businesses more than $1 million a year. The proposed tax became public only last week. Mayor Thelda Williams, who acknowledged her staff had worked on the proposed tax scheme behind the scenes “for a very long time,” was […]

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MedMen inks dispensary deal to enter Illinois medical cannabis market

Los Angeles-based MedMen announced its second acquisition of the week to expand its national footprint – this time into the Illinois medical marijuana market. The multistate marijuana business agreed to acquire Seven Point, a licensed medical cannabis dispensary in the Chicago suburb of Oak Park. Terms of the deal weren’t disclosed, but it comes on the heels […]

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MedMen expands into Arizona medical marijuana market via acquisition

Los Angeles-based MedMen Enterprises is expanding  into Arizona’s large medical marijuana market after striking a deal with WhiteStar Solutions to acquire Monarch, a vertically integrated MMJ business with operations in Scottsdale and Mesa. The deal – inked for an undisclosed sum – will pay 80% in stock and 20% in cash and underlines the fact investors […]

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Proposed tax in Phoenix could cost medical marijuana firms $1 million+ annually

Facing a budget crunch, Phoenix’s interim mayor is proposing a heavy tax on the city’s medical cannabis industry that could cost some companies more than $1 million a year. Medical marijuana businesses said they felt blindsided by the city, the Arizona Republic reported. “They’re trying to balance the budget on the backs of our patients,” […]

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Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

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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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