It looks like recreational marijuana use is big bucks for Arizona. Medical marijuana usage plummeted as recreational use soars to a new high. According to the Arizona Department of Revenue (ADOR), adult-use (recreational) marijuana sales rose over $58.2 million in June. Medical marijuana usage sales sank to an all-time low... Read more
The two regulated cannabis markets in Arizona are currently heading in different directions. For the Grand Canyon State’s newly launched recreational pot industry, business is booming. Arizona’s medical cannabis decade-old market, meanwhile, continues to see lagging sales. Citing figures from Arizona’s Department of Revenue, the AZ Mirror reports that... Read more
Money from cannabis is just as green as money from any other industry, one business proved. A leading Arizona dispensary gathers donations monthly, and last month, successfully donated to a children’s hospital. Flagstaff Business News reports that during the most recent month of donations, GreenPharms has been fundraising for... Read more
The cannabis-themed NFT gallery in Phoenix, Arizona is set to open to the public at a special event held on July 22, featuring NFT artwork by Elise Weiland. The event is in partnership with Plant. Body. Soul., a creative marketing agency that focuses on cannabis, which is hosting the... Read more
Cannabis sales in Arizona continue to be robust overall, thanks to the continued explosion of recreational sales. But as adult-use recreational sales are increasing, medical marijuana totals are in a free-fall that began last year. The Arizona Department of Revenue reports that recreational cannabis sales were almost $75.5 million... Read more
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
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
