Arizona Daily Star: “For the first time since May 2012, the state will accept applications for medical-marijuana dispensary licenses this summer. The announcement by the Department of Health Services comes as Arizona patients spent $215 million on 19 tons of medical pot last year, nearly double the 10 tons purchased in 2014. Even with record-breaking sales, lawsuits filed by business partners alleging breach of contract, mishandling of funds and other corporate malfeasance hint at cracks in the industry’s foundation.”
The story quoted yours truly:
“Medical-marijuana dispensaries are “extremely hampered” by a lack of easy access to banking services, said Scottsdale-based business lawyer Richard Keyt.