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Arizona to hold drawing for social equity marijuana establishment licenses | Cannabis Business Executive – Cannabis and Marijuana industry news

The Arizona Department of Health Services will hold a drawing next week for social equity marijuana establishment licenses. 1,500 people applied for 26 licenses. The social equity licenses are required by the same ballot measure that legalized marajuana in 2020. Jonathan Udell is with Arizona NORML, an organization that helps people navigate the expungement provisions…
The post Arizona to hold drawing for social equity marijuana establishment licenses appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

The Arizona Department of Health Services will hold a drawing next week for social equity marijuana establishment licenses. 1,500 people applied for 26 licenses.

The social equity licenses are required by the same ballot measure that legalized marajuana in 2020.

Jonathan Udell is with Arizona NORML, an organization that helps people navigate the expungement provisions of that proposition. He said even with the equity license, there are a lot of cost barriers to getting a dispensary going.

“You’re a person with a criminal record who’s made a relatively modest amount of money during your career, and now you’re trying to convince someone who’s got millions and millions of dollars that they should give you $2 million, and let you keep control of the business,” Udell said.

His organization submitted 20% of the applications for the drawing, and he believes there are many more than 1,500 people who qualify. He said the low number of applicants is in part because the state did little to promote it. [Read more at Arizona Public Media]

The post Arizona to hold drawing for social equity marijuana establishment licenses appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

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