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