The Trump administration reclassified medical marijuana as a less dangerous drug in April.
A weekslong hearing on whether to put recreational use in the same category starts Monday in Washington, D.C.
Arizona has duel licenses for medical and recreational marijuana. With only the latter reclassified federally, local operators have to separate their business so they can qualify for the associated tax breaks and traditional loans.
“And it just really depends on whether or not your business wants to take the time and energy to pull the numbers and the record keeping apart and segment that,” said Maxime Kot, president and part owner Cannabis Business Advisors, a Phoenix-based firm.
Kot added that state lawmakers have not yet defined how to separate medical and recreational.
“It really depends on what the state allows you to do because at the end of the day, the state does control what you can and can’t do with your businesses,” she said
The state health department issues and regulates marijuana licenses.
If the DEA reschedules recreational use, Arizona operators would not need to segment their business to benefit.
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Respondents to a survey in Colorado expressed interest in trying cannabis as an alternative to pharmaceutical medications and because they had exhausted other interventions. -
The company is a growing operation, and according to Aeriz’s website, it uses 95% less water than traditional soil farming, in a state that desperately needs it. -
The name Trulieve is on more than 20 marijuana dispensaries in Arizona. -
A payment processor for marijuana dispensaries has been ordered by the Arizona Corporation Commission to pay back retirees hundreds of thousands of dollars. -
Workers at a midtown marijuana dispensary say they’ve ratified a union contract with the company Curaleaf, which is publicly traded in Canada.
