Cannabis shops spend big ahead of recreational sales

By Ryan Randazzo | AZ Republic

Marijuana businesses are spending millions to expand their operations and buy new medical licenses in Arizona, as the passage of Proposition 207 by voters on Election Day will allow sales of recreational marijuana to adults in about four months.

The businesses are expected to hire thousands of employees to meet the demand for legal marijuana, one executive said Thursday.

Some existing dispensaries had already started expansions in anticipation of the measure passing, and the unofficial vote tally set off a fresh round of acquisitions this week as companies snap up the limited dispensary licenses available to prepare for a bustling recreational market.

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