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.