Arizona to Unveil Licenses and Draft Rules For Legal Cannabis Market
Arizona just announced draft rules for their adult use market, which was officially legalized by Proposition 207 in the November election this year. The state also announced the fact that some cannabis licenses will be up for grabs for new companies looking to join the industry.
Most of the open licenses in the state for the recreational industry have already been promised to the businesses already involved in the medical industry, as they had first dibs. However, there will be about 12 licenses available to those in underserved and rural communities, meaning a handful of businesses can still get in from the ground up.
The state also officially unveiled the first round of draft rules for the legal cannabis market, which is poised to launch in March of next year if all goes according to plans that may seem ambitious to some. The Arizona Department of Health Services (ADHS) has come up with these rules, which also call for a $25,000 application fee for new locations. and while it may seem like a quick turnaround is needed, those eager to get going in the legal industry think it’s doable.
“My confidence level has been high [that] they (state regulators) will meet the