Arizona Awards 31 New Medical-Marijuana Licenses, and You Can Probably Guess Where
The Arizona Department of Health Services awarded preliminary licenses for 31 new medical-marijuana dispensaries last week, creating a lucrative opportunity for entrepreneurs and (soon) more shopping choices for patients.
Most of the 747 applicants lost out on their hoped-for pot of green gold — not to mention the nonrefundable $4,000 of their $5,000 application fee. But the lucky few whose applications were accepted could make a fortune in the industry.
"It's fantastic," said a woman who is part of a group that won a license. "We did an enormous amount of work to get to this point."
Each of the new dispensaries must be located within one of the state's predetermined geographic areas for marijuana businesses, called Community Health Analysis Areas, or CHAAs. Nearly all the new dispensaries will be in metro Phoenix or Tucson, which will make them some of the busiest retail stores in town if...
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