Uncertainty, rumors after Arizona awards medical marijuana business licenses

By John Schroyer

When Arizona completed a long-awaited second round of medical cannabis business licensing last week, the state’s MMJ industry was left with a host of unanswered questions.

Did the bulk of licenses go to entrepreneurs already running MMJ businesses in the state or newcomers to the industry? When will the latest crop of dispensaries actually open and compete with existing storefronts? Will lawsuits push back the timeline?

Most of the questions stem from the secretive nature of Arizona’s licensing process, given that the…