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

Posted by   /  July 2, 2017  /  No Comments

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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.

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  • Published: 5 months ago on July 2, 2017
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  • Last Modified: July 2, 2017 @ 9:09 am
  • Filed Under: Medical Marijuana

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