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#WeedWednesday Welcome To Arizona
July 4, 2017
— #WeedWednesday, Arizona Tourism, cannabis, medical marijuana, taxes
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Arizona made medical marijuana legal in November, 2010 by enacting Prop 203, which won by a narrow margin. The health department of the state regulates and licenses dispensaries. The number of dispensary licenses issued is linked to the number of pharmacy licenses in the state. Prop 203 calls for no more than one dispensary license to be granted for every 10 pharmacy permits issued by the Arizona State Board of Pharmacy. As of 2010 when the law was passed, that equates to 124 dispensaries statewide. Patients who live more than 25 miles form a dispensary can apply to have a caregiver grow for them, or be their own caregiver. Many rural areas of the state are more than 25 miles from a dispensary, most of which are concentrated in the urban areas of Phoenix and Tucson.
In Nov 2016 Proposition 205 was defeated by the voters, 51.32% to 48.68%. Had it passed Arizona would have joined the adjoining states of Colorado, Nevada, and California in legalizing recreational marijuana. This makes Arizona a less well-funded state, and creates a tourism draw for the other three. The marijuana tourist tax dollars Arizona turned away will visit Las Vegas and have no remorse.
Canadian firms have started to invest significantly in the AZ market, buying dispensary management companies and making other large investments throughout the state. The cannabis business will grow at a slower rate than our adjoining legal states, but still contribute much to the economy under the current medical law. Most people think it will eventually be legal in all states soon. Investors and consultants are setting themselves up in business within the law and are also preparing for the future. New products and product lines are brought to market and management contracts are being signed. Weed is big business, a growth business. The expanding market will be served in new ways, yet to be discovered. This is an interesting segment to watch. What are the marijuana laws in your state, gentle reader?
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comments
What an array of plants! It’s too bad that Az defeated the recreational use.. because of the loss of tax dollars. That’s a huge hit to AZ. It’s interesting the array of products that are coming out regarding cannabis.. both tools and things made with cannabis.
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