Arizona Medical Cannabis Business & Marijuana Legal News

Arizona Supreme Court rules medical marijuana extracts, infused products legal

The Arizona Supreme Court unanimously ruled that cannabis extracts – including concentrates, vaporizer cartridges and infused food and beverages – are legal and the state’s medical marijuana dispensaries can sell them. In doing so, the court handed a win to the state’s booming medical marijuana industry. Some Arizona retail shop owners and marijuana product manufacturers feared the […]

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Marijuana group 4Front secures $50 million loan to help build facilities

Phoenix-based 4Front Holdings, a vertically integrated cannabis group, has secured a $50 million loan to help it build cultivation and production facilities connected with the company’s expected merger with Cannex Capital. The deal with Vancouver, British Columbia-based Cannex is awaiting final approval from U.S. antitrust authorities. The resulting combined entity is to be named 4Front […]

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Cannabis firm Harvest Health posts spike in Q4, full-year revenue

Arizona-based Harvest Health & Recreation’s revenue more than doubled during its fourth quarter and fiscal 2018 as the multistate marijuana company continued to expand its retail and wholesale footprint and predicted further expansion this year through acquisitions. Despite the sales gains, the company recorded a net loss for the quarter of $71.1 million – which […]

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Harvest Health to buy CannaPharmacy, expand cannabis operations

Phoenix-based Harvest Health & Recreation agreed to acquire CannaPharmacy, a vertically integrated marijuana company operating in four Northeastern states. Terms were not disclosed, and a Harvest spokesman confirmed the deal was not material to the company. CannaPharmacy has cultivation, manufacturing and retail operations in Delaware, Maryland, New Jersey and Pennsylvania. “There is tremendous value in […]

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Vireo enters Arizona medical cannabis market

Vireo Health, a Minneapolis-based cannabis group, said it is expanding into Arizona with the acquisition of Arizona Natural Remedies (ANR). Vireo declined to disclose the value of the acquisition. The company, which started trading on the Canadian Securities Exchange earlier this month, will now operate in seven states. ANR operates a dispensary in Phoenix and an Amado-based cultivation […]

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CA, AZ cannabis retailers with same name headed to court over trademark

Two marijuana companies both named “Harvest” are heading to court over the rights to the title, and both are claiming trademark protections for their respective companies. The case is far from the only cannabis dispute over a company name. One key to the Harvest case may be that the California-based company has a state trademark […]

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Multistate cannabis firm 4Front buys dispensary, grow operations in AZ and MA

4Front Holdings, a U.S. cannabis retail and brand company based in Phoenix, expanded its national footprint with acquisitions in Massachusetts and Arizona. 4Front acquired Healthy Farms, which has two dispensaries and a cultivation facility in Massachusetts, and PHX Interactive, owner of Greens Goddess in Phoenix, a holder of a vertically integrated license. Financial details of the […]

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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 […]

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