By Ryan Randazzo | Arizona Republic
Thirteen fortunate businesses on Monday won the lottery, literally, giving them the multi-million dollar opportunity to run marijuana dispensaries, farms and processing plants in rural Arizona counties.
The new dispensary licenses are each designated for a specific county with fewer than two marijuana dispensaries operating today.
The lottery follows Arizona voters’ approval of Proposition 207 in November, which legalized adult use of marijuana, allowed medical-marijuana dispensaries to sell the drug to anyone 21 or older and called for the additional rural licenses.
“Yesterday was an historic day for Arizona’s Recreational Marijuana Industry as new licensees were picked for each of eight counties across the state, paving the way for new jobs, new tax revenues, and further cementing the end of marijuana prohibition in the Grand Canyon State.”
Adam Trenk, Rose Law Group partner and Director of Cannabis, Hemp and Equine Law Dept.
