The prospect of recreational legalization in Arizona has peaked the interests of many investors and cannabis companies. Estimates set Arizona’s cannabis market at $750 million- with the advance of a likely adult-use legalization ballot initiative in November only increasing such estimates. According to industry insiders, the recreational initiative could favor existing medical marijuana operators creating huge interest among investors despite the recession and tight capital market.
– Marijuana Business Daily, July 21, 2020
Open Source: https://mjbizdaily.com/recreational-marijuana-prospect-spurs-investor-interest-in-arizona-market/