*FULFILLMENT TAKES UP TO 1 BUSINESS DAY
New Frontier Data, in partnership with Arcview Market Research, has released the 2016 Arizona Legal Cannabis Market State Profile.
On November 8, 2016, Arizona was the only state with a legalization measure during the 2016 election that did not pass. The failure of the Arizona’s Marijuana Legalization Initiative (Proposition 205) was a notable loss for the cannabis industry on a day which saw the industry’s biggest electoral victories. Passage of Prop. 205 would have provided a symbolic victory for cannabis in the historically socially conservative state, while creating a market with an attractive structure for investors and entrepreneurs. However, with the measure’s failure, Arizona will remain a highly competitive medical-only market for the foreseeable future. This report will outline how the following factors will affect Arizona’s role in the industry.
- Arizona’s Hot Climate
- Growth in Competition in the Medical Market
- Market Consolidation
- Cannabis Diversion into Arizona
- Big Pharma
And much, much more...
* Published December 2016