Newly legal states offer marijuana growers fresh opportunities, but some greener than others

Newly legal states offer marijuana growers fresh opportunities, but some greener than others

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NOVEMBER 23RD, 2020

Arizona

This state offers a mixed bag.

Sara Gullickson, CEO of Arizona-based The Cannabis Business Advisors, ranks the market toward the top in business opportunities among the five new states, particularly for cultivators and processors.

She based her ranking on the potential for building out huge cultivation and processing centers indoors and in greenhouses as well as the state’s relatively large population of more than 7 million people.

The state already has a few large-scale greenhouses in operation.

Marijuana Business Daily projects the state will generate $760 million in annual recreational sales by 2024.

So far, Arizona has issued roughly 130 vertical MMJ licenses to companies that would be eligible to start recreational marijuana businesses depending on the standing of the company.

Read the full story on MJBizDaily.

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