Loading...
You are here:  Home  >  Marijuana  >  Current Article

Canadian for-profits eye East Valley as they cash in on marijuana market

Posted by   /  July 2, 2017  /  No Comments

    Print       Email

Health For Life dispensary brand operates dispensaries on S. 89th Place and McDowell Road in Mesa./Facebook

By Wayne Schutsky | East Valley Tribune

Canadian companies are investing millions of dollars into Arizona’s medical marijuana market in order to turn profits and wield influence over the state’s lucrative non-profit dispensary market.

One company, Canadian Bioceutical Corp., has paid $30 million to acquire management firms that provide services to two Mesa dispensaries.

These Canadian corporations are purchasing management companies that provide a range of services to medical marijuana facilities. Multiple companies like Canadian Bioceutical Corporation refer to Arizona’s marijuana market as highly profitable, a statement seemingly at odds with the non-profit nature of Arizona’s medical marijuana industry.

READ ON:

 

 

    Print       Email
  • Published: 3 months ago on July 2, 2017
  • Posted by:
  • Last Modified: July 2, 2017 @ 9:09 am
  • Filed Under: Marijuana

Leave a Reply

Your email address will not be published. Required fields are marked *

You might also like...

Arizona high court won’t lift restrictions on medical pot for PTSD patients

Read More →