Since 2010, Harris Bricken has been helping businesses navigate rapidly evolving cannabis regulation and policy, and with Arizona’s legalization of the sale and use of marijuana for recreational purposes, we established an on-the-ground presence in Phoenix to provide legal counsel on a full range of Arizona cannabis law issues. Among other things, we can help you with company formation and structuring, transactional agreements, intellectual property rights, corporate governance, taxation, licensing, and the acquisition and leasing of real estate.
The passage of Proposition 203 in 2010 opened up the Arizona market to medical marijuana, and since then we have supported Arizona-focused clients with mergers and acquisitions, receivership matters, litigation and general corporate issues. We also have extensive experience in the Arizona healthcare sector, and provide counsel on cannabis-related transactional, litigation, regulatory and licensing matters.
The passage in 2020 of Proposition 207 (i.e. the Smart and Safe Arizona Act) legalized the sale and use of cannabis (subject to certain other conditions), and in some instances, allows those with prior or pending marijuana convictions to seek to have their records expunged.
In January 2021, the Arizona Department of Health Services will begin accepting applications for the establishment of recreational marijuana dispensaries. Under the new Social Equity Ownership Program, created to grant licenses to individuals from communities disproportionately impacted by enforcement of previous marijuana laws, there are also opportunities for owning and operating dispensaries and testing facilities.
Across the United States as well as globally, the market for legal recreational cannabis has outstripped that for medical use, and that trend is expected to continue. Following the passage of Proposition 207, the opportunity for industry growth in Arizona is enormous, and our cannabis attorneys are excited about the prospect of helping our clients build durable legal frameworks for long-term growth and success. To read more about cannabis industry issues in Arizona and elsewhere, please visit the Canna Law Blog.