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Recreational marijuana sales race ahead, but industry equity falls behind
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Recreational marijuana sales race ahead, but industry equity falls behind
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Recreational marijuana sales race ahead, but industry equity falls behind
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Arizona Has the Fastest Start to the Adult-Use Cannabis Market The companies that staked a flag in the state for the medical program were in a great position to quickly hit the ground running.
Arizona voters approved the sales of adult use cannabis back in November and by January some providers were able to begin sales. It was called the Smart and Safe Arizona Act or Prop. 207, and it favored existing medical marijuana license holders. The companies that staked a flag in the state for the medical program were in a great position to quickly hit the ground running. Historically, this is massive. We re already one of the strongest medical markets in the country, and this is just going to make things bigger, said Pankaj Talwar, CEO of four Sol Flower dispensaries in the Metro Phoenix area.