Arizona Together | COVID-19 Resources for Arizonans

Investors and cannabis companies are jockeying for a stake in Arizona’s $750 million-plus marijuana market in advance of a likely adult-use legalization ballot initiative in November.

If, as expected, residents vote to legalize adult use, the recreational program could launch by next spring.

The rec initiative – which favors existing medical marijuana operators – is creating enormous interest among investors despite the recession and tight capital markets, according to industry insiders.

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