Arizona Cannabis Market
Meet your Local Zoned Broker
Zoned Properties in Arizona
Local Zoned Broker:
$1.4 Billion (2022)
Yes, varies by locality
Drive Thru Allowed:
Yes, varies by locality
Arizona opened up for recreational retail cannabis in February 2021. Sales of recreational cannabis have seen enormous growth since going recreational, with recent retail sales of $1.4 Billion in 2022. Currently there are 169 licenses, which are fully vertical and allow for a separate retail facility, a cultivation facility and a process facility. Wholesale business between licenses is allowed. 130 of these licenses are dual license, previously medical and converted to allow for recreational. 13 are “rural” licenses that require that the retail location stay within the rural county that they were issued in. 26 are “social equity” licenses that were just recently issued in April of 2022. The social equity and the rural licenses are both Adult Use only licenses.
We are currently actively assisting operators with their site selection needs for all license types as well as disposition of assets through our licensed brokerage.
Identifying quality real estate for cannabis can be hard. Really hard! Sifting through municipal zoning code, endless tabs of local GIS software, measuring distances from sensitive uses, all to have a landlord’s financing deny the use. The list goes on. At Zoned Properties, we couple our years of experience and proven processes with a proprietary tech stack that saves our clients time and money.
Navigating a cannabis real estate negotiation is full of potential roadblocks. Our specialized team of real estate brokers are proven experts in identifying and securing acquisitions, leasing, and positioning properties for potential cannabis use. Having an experienced broker by your side is invaluable to ensuring a deal gets done the right way.
At Zoned Properties, through our other services, we have access to consistent real estate acquisition deal flow. Currently, we have a portfolio of cannabis real estate in Arizona, one of the most highly coveted cannabis markets in the country. We plan to continue to selectively invest in these opportunities in new and emerging markets.
Have any Questions?
Is Arizona adult-use cannabis allowed?
How many licenses to operate are there currently in Arizona?
There are currently 169 licenses in Arizona, each is fully vertical and allows for a cultivation and retail location.
Is there a cap on the number of retail locations allowed in Arizona?
Each license awarded allows for 1 retail location, so yes there is a cap on the number of retail locations that can open.
Where can I open a dispensary or a cultivation site in Arizona?
The local jurisdiction (city or county for example), will determine via zoning ordinance which zones they will allow a cannabis retail or cultivation facility. They will also determine in some cases how far away these facilities need to stay away from certain sensitive uses such as churches or schools.
Still have questions? Contact us
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