Arizona Cannabis Real Estate & Regulations
Meet your Local Zoned Broker
Bryan McLaren
Licensed Cannabis Real Estate Broker in Arizona
(480) 351-8193
Zoned Properties in Arizona
Population:
7,276,000
Local Zoned Broker:
Bryan McLaren
Number of Retail Licenses:
Licensing Status:
Awarding licenses since the 19th of January 2021
Legal Status:
Recreational
Cannabis Sales:
$1.4 billion
License Dynamic:
Limited
Delivery Allowed:
Pending
Drive Thru Allowed:
TBD
Let’s Help You Find The Perfect Location For Your Cannabis Business In AZ!
Finding business-friendly Cannabis real estate is frustrating, especially when you have a time constraint. There are too many moving parts leading up to what you may call the perfect spot for your Cannabis business, from zoning restrictions to distancing, regulation compliance to local approval, and more.
When you find a location that beats all the regulations and restrictions, you may have difficulties accessing resources and a market or even have challenges with community acceptance. There’s only one way to get it all right and fast!
Work with a Cannabis real estate expert. We lift the burden off your shoulders by helping you locate quality real estate properties for your Cannabis business. We work with Cannabis real estate brokers in Arizona to identify the best locations to situate your Cannabis business without litigation or trouble running your business.
Send us a message today to find suitable locations in Arizona for your Cannabis business.
Site Identification
Our team of experts can assist you in pinpointing the designated green zones in the state where you can set up your business without legal complications.
Brokerage
We have a team of expert real estate brokers who can assist you in finding the perfect Cannabis property in Arizona. Whether you want to lease, rent, buy, or sell, we’ll work with you to find the best deals available.
Investment
If you’re considering investing in the Cannabis real estate market, we can help. Our other services give us access to an extensive portfolio of Cannabis real estate properties across various states.
Ready To Set Up A Cannabis Business In AZ?
The state of Arizona started handing out licenses for recreational Marijuana on the 19th of February 2021 and has since awarded up to 143 of those and counting. Arizona is looking to offer 26 more licenses to Cannabis businesses in the state and expects thousands of applicants.
It is gathered that the state has garnered around $2.9 billion in Cannabis sales and is offering two major types of licenses, including the following:
- Arizona Cannabis Marijuana Establishment: This license allows you to own one retail location, one location to cultivate, and one location to manufacture Marijuana.
- Arizona Cannabis Marijuana Testing Facilities: This license allows you to own a facility for analyzing and monitoring the potential contaminants and potency of the product.
Let us help you secure the perfect location to set up your Marijuana dispensary without any hassles or litigations.
Arizona Cannabis Regulations
State Cannabis Overview: Arizona, through the Smart and Safe Arizona Act (Proposition 207), legalized recreational Cannabis use for adults aged 21 and above, as 60 percent of voters were in favor. The state has a well-established medical Cannabis program called the Arizona Medical Marijuana Act (AMMA).
This program allows qualified patients with certain medical conditions to obtain a medical marijuana card for using and possessing Cannabis for medical purposes.
License Dispensaries: The ADHS (Arizona Department of Health Services) strictly oversees, licenses, regulates, and inspects the activities of medical marijuana dispensaries. The body ensures these dispensaries only sell Cannabis products to registered patients who have met the requirements and obtained a recommendation from a licensed physician.
Median Income: $63,512
Cannabis Uses: Manufacturer, Producer, Research Laboratory, Testing Laboratory, Vertically Integrated Cannabis Establishment, Cannabis Producer Microbusiness, Integrated Cannabis Microbusiness
Regulations last updated as of: August 2023
Have any Questions?
How big is the cannabis market in Arizona?
The Cannabis market in Arizona is one of the biggest and could potentially reach California as things progress. The state made $1.4 billion in Cannabis sales in 2022. That figure is expected to rise in the coming years as more licenses are offered to cultivators, retailers, distributors, and manufacturers.
How much revenue does Arizona get from cannabis?
In 2022, Arizonans spent a whopping $1.4 billion on Cannabis, despite having only legalized the recreational use of Cannabis in 2020.
How much does it cost to own a dispensary in Arizona?
The cost of owning a dispensary in Arizona may be different for some businesses. However, some compulsory payments you must make include the following:
- $25,000 non-refundable application fee
- $5,000 annual renewal fee
- Employee registration fee $500 per employee
Other costs that may be incurred will depend on the specific location you choose, the size of your business/property, and more.
What is the most profitable part of the cannabis industry?
Every part of the Cannabis industry is profitable. Whether you’re a cultivator, manufacturer, distributor, or retailer, you will profit significantly once you find your feet in the market. However, the most profitable ones are the cultivators and retailers.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://azdor.gov/transaction-privilege-tax/adult-use-marijuana
https://cannabislicenseexperts.com/arizona-cannabis-licensing-solutions/
https://www.azdhs.gov/licensing/marijuana/adult-use-marijuana/index.php
https://www.azdhs.gov/documents/licensing/medical-marijuana/reports/2022/mm-jul22.pdf
Cannabis in Arizona – Wikipedia
https://www.azdhs.gov/documents/licensing/medical-marijuana/applications/licensed-marijuana-establishments.pdf
https://www.blaze.me/blog/dispensary-tips/the-cost-of-opening-a-dispensary-the-ultimate-guide/
https://mjbizdaily.com/chart-of-the-week-profitability-in-the-cannabis-industry/
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