Arizona cannabis news

bulllee

bulllee

Agent Provocateur

AZ Dispensaries Warn New Testing Law Will Cause Shortages & Price Increases​

Dan Kingston 10 days ago Arizona Cannabis News



AZ Cannabis Testing Labs

A new law starting on Nov 1, 2020 will require that Arizona dispensaries test all medical marijuana via state-approved third-party testing labs before selling it to patients. However, many dispensaries warn that the Arizona Department of Health Services (ADHS) has left the industry unprepared for the new law.
Some dispensaries are cautioning the governor, state officials and patients that there aren’t enough testing labs to adequately test the massive looming influx of cannabis that will soon be required to be tested, and that this will cause a drastic shortage as testing labs try to cope. Furthermore, the cost of testing medical marijuana will likely force dispensaries to increase their prices.
The ADHS is responsible for approving and licensing third-party marijuana testing labs; however, an industry insider claims that the ADHS has only approved a few testing labs, and that in order for Arizona’s medical marijuana supply chain to function properly there should be numerous testing labs.
NORML just launched a petition to persuade Governor Ducey and the ADHS to stop and reconsider the testing law.
“Medical marijuana dispensaries and testing laboratories across the state are already warning that Arizona is unprepared to begin its testing program,” NORML stated. “Right now, no laboratories are fully up and running due to COVID-19 and the Department of Health Services’ approval practices.”
Click to expand...
NORML claims that the new testing law will lead to widespread medical marijuana shortages and significant price increases at Arizona dispensaries, just as it did in California and Oregon.
 
bulllee,
C No Ego

C No Ego

Well-Known Member
the Government is willing to KILL you directly for just being next to the plant ( approximation) ... How the Fuck can be they be so uptight about how it is processed ETC .... theer is a huge void there in the what the Fuck category
 
bulllee

bulllee

Agent Provocateur

This Is the Earliest Date Marijuana Sales Could Start in Arizona​

Dan Kingston 4 days ago Arizona Cannabis News



AZ Cannabis Law

If Arizona voters approve Proposition 207, the state’s Constitution declares it will take effect as soon as all the votes have been counted and certified. Governor Doug Ducey would then issue a proclamation that officially makes the ballot measure a new law.
The state’s Constitution also keeps voter-approved initiatives — such as Prop 207 — from being stopped by the Legislature or the governor, KJZZ reported.
If Prop 207 passes, recreational cannabis would technically be legal as soon as it is certified. However, it could be a couple months or more before adults can legally buy the drug because the ballot measure requires the Arizona Department of Health Services (ADHS) to start licensing recreational marijuana dispensaries as early as January 2021, and those retail licenses could be approved as soon as February 1.
Prop 207 forces the government to establish all regulations for the new industry by April 5, 2021, so retail dispensary licenses would also have to be approved by then.
Technically, Arizonans should legally be allowed to begin using, possessing and growing marijuana immediately after the voter-approved initiative is certified (and to the extent that Prop 207 permits); However, local laws may prohibit this in some areas, such as in Gilbert.
The state’s current medical marijuana dispensaries would likely be the first businesses capable of selling recreational marijuana because they’re already established and only need to get a retail license approved by the ADHS.
In 2010, voters approved the Arizona Medical Marijuana Act, but its implementation was delayed. Fortunately, Prop 207 has language written in it that would prevent such delays by allowing medical marijuana dispensaries to begin selling recreational marijuana to adults.
 
bulllee,
bulllee

bulllee

Agent Provocateur
NEWS BRIEF

Marijuana MSO Harvest Health raises nearly $35 million in stock offering​

Published 23 hours ago


Marijuana multistate operator Harvest Health & Recreation raised $34.5 million (46 million Canadian dollars) through a public offering of subordinate stock, the company said Wednesday.

The Arizona-based marijuana company said in a previous news release that it will use the proceeds for working capital and general corporate purposes.




The offering was increased from around $23 million (CA$31 million), indicating strong demand.


Each unit was sold for $1.70, which included a subordinate share of stock and one-half a warrant, according to a news release.

Each warrant can be converted into a share of subordinate stock at an exercise price of $2.28 within the next 30 months.

Harvest is trading at around $1.50 a share on the U.S. over-the-counter markets under the ticker symbol HRVSF. The company also trades on the Canadian Securities Exchange as HARV.

Eight Capital and Canaccord Genuity were co-lead underwriters of the offering in a sales syndicate that included ATB Capital Markets and Beacon Securities.

The completion of the capital raise comes as Arizona voters are deciding whether to legalize a commercial adult-use marijuana market.

Harvest is a leading medical cannabis operator in Arizona with 15 dispensaries.

If the adult-use initiative is approved, existing MMJ operators will get priority status in Arizona’s new recreational market.
 
bulllee,
Vaporware

Vaporware

Well-Known Member
Most of you probably know by now that the prop passed, and as of yesterday Arizona has legal recreational use!

I just hope it doesn’t negatively affect the medical program, but it doesn’t sound like it should.
 
Tranquility

Tranquility

Well-Known Member
VaporWare said:
Most of you probably know by now that the prop passed, and as of yesterday Arizona has legal recreational use!

I just hope it doesn’t negatively affect the medical program, but it doesn’t sound like it should.
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It will. California killed medical--the one thing all agreed was working--for money. It will be the same in all states that try to keep both a medical and recreational market open. It will always be more hassle to go medical and, with the slight price difference, it won't be worth it for any but the ones with the most dire need and who need to buy a lot to medicate. Money will make recreational king. It's the same product. (At this time. There are starting to be some more "curated" dispensaries out in CA that are claiming to give out extra knowledge benefits.) Business people will go for the gold while True Believers (aka caregivers) will try to fight on with co-ops and the like.

Rather than fight a losing battle is to accept recreational/money will be the cannabis model and start working for medical benefits within that system.
 
FlyingLow

FlyingLow

Team NO SLEEP!
I still think medical will weather the storm of incorporating recreational to the state.

I carry medical not only for the $$$ benefit, but also because it can provide access to more potent products, like edibles... you cant buy a 1000mg chocolate bar on the rec side.
 
Vaporware

Vaporware

Well-Known Member
Yeah, there are some stupid low limits on the rec side. Concentrates have a 5g possession limit and edibles are stuck with a 100mg per package/10mg per dose limit. Flower is also 1oz as opposed to 2.5oz on the medical side.

At least people can grow at home, but in that case the possession limits don’t make a lot of sense to me. :disgust:

Also, medical users have some protection at work while rec users don’t. None of that is really relevant to whether or not providers producing/selling rec will negatively affect medical patients, but there are still some reasons to have a card.
 
JOHN GALT

JOHN GALT

Well-Known Member

Legal marijuana puffs up government budgets​

The Arizona Department of Revenue says the first year of recreational marijuana sales has raised more than $106 million.

www.kgun9.com

Legal marijuana puffs up government budgets

Legal marijuana sales are pushing local government budgets to new highs. Taxes from legal sales are a welcome boost to government bottom lines.
www.kgun9.com www.kgun9.com
 
JOHN GALT,
C No Ego

C No Ego

Well-Known Member
JOHN GALT said:

Legal marijuana puffs up government budgets​

The Arizona Department of Revenue says the first year of recreational marijuana sales has raised more than $106 million.

www.kgun9.com

Legal marijuana puffs up government budgets

Legal marijuana sales are pushing local government budgets to new highs. Taxes from legal sales are a welcome boost to government bottom lines.
www.kgun9.com www.kgun9.com
Click to expand...
guess they need to get it while it lasts ... as we move closer to federal decriminalization illegal banned priced weed structure will not last ... prices will eventually get down to the cost of parsley at some point in time
 
C No Ego,
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