By John Schroyer
Arizona recently opened the door to a new wave of licensing for medical marijuana dispensaries, and got flooded with 750 applications for just 31 permits.
It is perhaps the largest ratio of applications to licenses in any market, and signals that cannabis entrepreneurs are bullish on Arizona.
The deluge comes ahead of the November elections in which Arizona residents will vote on Proposition 205 to legalize recreational marijuana.
If voters approve the initiative, licensed dispensaries would get first crack at rec licenses….