Between medical marijuana legalization in 2010 and adult recreational use launching in January 2021, only 143 Arizona dispensary licenses have been issued by ADHS statewide.
The economic benefits of cannabis include increased tax revenues, job growth, and investment opportunities, but that’s just the beginning.
June 29 was a big day in New Mexico! Cannabis legalization is here, making New Mexico the 17th state to legalize recreational cannabis. Under the Cannabis Regulation Act signed by Governor Grisham in April, the possession and growth of adult-use cannabis will no longer be illegal in New Mexico.
In the cannabis industry, licensing requirements and fees depend on the business category—cultivation/grow, retail distribution, cannabis processors such as extractors, manufacturers of edibles, among others.
With an abundance of consumer demand and money to be made, many people are trying to break into the recreational cannabis business. However, becoming a licensed producer of recreational cannabis is complicated and expensive, especially for multistate operators.
Laws are constantly shifting and changing across the United States, so it can be quite a challenge to keep track of how many states have medical marijuana.
“There is no such thing as business as usual in cannabis.” - Laura Bianchi Being adaptable to change is an essential skill.
In Arizona and many other states, the question “where can I buy marijuana?” has been answered through legalized sales and use of cannabis flower and other products.
Why is cannabis illegal? Why is cannabis still illegal in some states and legal in others? Quite simply, Prohibition was not just limited to alcohol—In fact, Prohibition was finally repealed in 1933, when the 21st Amendment was ratified.
As many small businesses struggle to recover following the pandemic, state and federal programs continue to provide resources needed for survival. Read to learn more about what’s available.