You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, This... Read more
Sales of adult-use cannabis in Arizona hit a record $72 million in March, while purchases of medical cannabis dropped for the fifth month in a row. Regulated sales of recreational pot began in Arizona in January 2021, less than three months after the state’s voters approved a cannabis legalization... Read more
Arizona state regulators awarded cannabis social equity business licenses last week, selecting 26 lucky winners out of a lottery pool of nearly 1,200 applicants. The Arizona Department of Health Services Offices selected the winners at its office on Friday after a judge ended a challenge to the state’s program... Read more
An Arizona mother recently won a Court of Appeals case that determined she was not guilty of child neglect because she consumed medical cannabis to treat extreme morning sickness, and her child tested positive for cannabis shortly after being born. The Arizona Court of Appeals judges ruled that it... Read more
Arizona to hold drawing for social equity marijuana establishment licenses
The Arizona Department of Health Services will hold a drawing next week for social equity marijuana establishment licenses. 1,500 people applied for 26 licenses. The social equity licenses are required by the same ballot measure that legalized marajuana in 2020. Jonathan Udell is with Arizona NORML, an organization that... Read more
Arizona is on track to moving in a positive direction and righting the wrongs of the War on Drugs. Cannabis-related arrest records can wreak lasting damage—thwarting job opportunities, housing or even student loan programs. On March 7 of this year, the Maricopa County Attorney’s Office (MCAO) issued a press... Read more
Ten community colleges in Arizona have recently received $31 million in funds from recreational cannabis taxes, the Associated Press reports. Arizona’s recreational cannabis law states that one-third of the 16 percent excise tax will be set aside for community colleges every year. Each college may use the funds to... Read more
Trulieve Acquires 64,000 sq. ft. Cultivation Facility in Phoenix TALLAHASSEE, Fla., Feb. 15, 2022 /PRNewswire/ — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company in the U.S., today announced it has completed the acquisition of an operational 64,000 sq. ft.... Read more
Arizona recreational marijuana sales worth over half a million dollars in 2021
New data from the Arizona Dept. of Revenue shows that one year after recreational marijuana use became legal in the state, its generated over $44 million in tax revenue. Combined with medical marijuana sales, total sales of marijuana topped $1.2 billion in 2021. After steady growth January and February... Read more
Cannabis is officially a billion dollar business in the state of Arizona. Voters in the Grand Canyon State passed a measure at the ballot in 2020 that made recreational pot legal for adults ages 21 and older. Medical cannabis, meanwhile, has been legal in the state since 2010. That... Read more

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