Arizona Bill Aims To Claw Back Marijuana Social Equity Licenses From Investors And Corporate Dispensaries ⋆ Patriots Hemp

Home / Blog / Arizona Bill Aims To Claw Back Marijuana Social Equity Licenses From Investors And Corporate Dispensaries

Share This Post

Cannabis / CBD / Featured News

Arizona Bill Aims To Claw Back Marijuana Social Equity Licenses From Investors And Corporate Dispensaries

Arizona Bill Aims To Claw Back Marijuana Social Equity Licenses From Investors And Corporate Dispensaries

“We now have here in Arizona a situation where 24 of 26 of these social equity licenses are now fully controlled by companies or people who do not belong in these special groups to get this license.”

By Natasha Yee, Arizona Center for Investigative Reporting

Arizona lawmakers are pushing to return social equity licenses for marijuana dispensaries to their original owners, alleging private investors and cannabis corporations used predatory tactics to seize control of nearly all the lucrative licenses.

Senate Bill 1262, introduced by Republican Sen. Sonny Borrelli, seeks to restore power to those the state’s social equity program was actually meant to benefit: people from marginalized communities disproportionately affected by past marijuana convictions. It would also allow the state Attorney General’s Office to investigate and punish entities that exploited those individuals.

“What we have here is an injustice that needs to be fixed,” Borrelli, of Lake Havasu City, said during a February 13 Senate hearing. “We now have here in Arizona a situation where 24 of 26 of these social equity licenses are now fully controlled by companies or people who do not belong in these special groups to get this license.”

The legislation comes less than a year

Read full article on Marijuana Moment



Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>