Arizona: Why this marijuana stock imploded 42% in October

What happened?

Medical marijuana upstart Insys Therapeutics (NASDAQ:INSY) had a ferociously frightening month, highlighted by the arrest of its founder, the setting aside of $150 million for lawsuits, and slumping sales. All this was behind a 42% crash in October, according to S&P Global Market Intelligence.

So what?

Insys Therapeutics' troubles stem from Subsys, a powerful fentanyl spray approved to treat breakthrough pain in cancer patients.


The next 15 states to legalize marijuana

1. Arizona
> Possession decriminalized: No
> Amount decriminalized: N/A
> Max. fine for less than 2 lbs.: $150,000
> Annual adult usage: 12.7% (19th highest)


Arizona: Billboard battle with anti-marijuana group wants pro-pot signage gone

You've probably seen them around: marijuana factoids on billboards alongside a teal smiley-face logo for an app company called Weedmaps.

Seems pretty innocent, right? Not so, says a stridently anti-marijuana Arizona organization, which is raising alarms over the billboards. The group has asked the Attorney General's office to investigate the company for alleged false advertising.


WanaCapsXR set to launch in Nevada, Arizona, Illinois, Florida and Oregon

Wana Brands, Colorado’s top-selling infused products manufacturer, will provide its popular family of extended-release cannabis capsules, WanaCapsXR in five new states, Nevada, Arizona, Illinois, Florida and Oregon.

“In short, we work to make people feel good. Wana Brands’ objective as a company has always been to provide delicious, discrete and consistent products to as many people as possible – and by offering our extended release cannabis capsules in new states, including Arizona and Nevada, we are better able to achieve that goal,” said Nancy Whiteman, co-owner of Wana Brands. “WanaCapsXR are simple and dependable, and we look forward to making them available to cannabis consumers in more and more states.”


Tall Trees LED company builds on cannabis focus, mobilizes to equip the controlled environment agriculture industry

Tall Trees LED Company, a wholly-owned subsidiary of Light Engine Design Corp (OTC PINK: TLED), is an industry pioneer specializing in the design of advanced light engines and fixtures for frequency-specific biological lighting industries.

The Company is pleased to announce that it has achieved a breakthrough in spectrum design that is increasing crop yields and product quality in the indoor cultivation of legal cannabis and food products.

This is significant given the importance of generating large amounts of high-quality food using environmentally sustainable practices.


Arizona judge rules medical cannabis extracts are illegal

We’ve gotten reports that an Arizona judge has ruled that medical cannabis extracts are illegal. We have also just learned that in Arizona, there is a legal difference between marijuana and cannabis. Even though they are literally the same plant.

Wait, what?

Cannabis vs. Marijuana

According to Arizona state law, there is a difference between marijuana and cannabis.


Greens is Arizona's first state approved medical marijuana drive-thru dispensary

All Greens has been an Arizona state licensed dispensary since 2013, relocating earlier this year from Surprise to Sun City. All Greens offers patients a variety of options when choosing their medications offering flower, concentrates, vapes, topicals, tinctures and the largest selection of edibles in the state. All Greens also provides an assortment of CBD and pet products.

Educational classes are held bi-weekly and there is always a qualified dispensary agent available on premises for one-on-one consultations. There is also a clinic affiliate performing MMJ certifications & patient consultations.


An inside look at a Phoenix medical marijuana operation


Bill Brothers used to run a Christian radio station. The long-time broadcaster never imagined he would one day end up in the marijuana business.

“Not in my wildest dreams,” Brothers said.

About five years ago, Brothers and his son started a medical marijuana dispensary.

“When the marijuana opportunity presented itself, I had to pray on it, think about, ‘Is this good for society?’ Well, five years later, it’s great for society,” Brothers said.

The owner of Encanto Green Dispensary, Brothers, employs more than 150 employees while serving the medical needs of more than 13,000 patients, including cancer patients and veterans.

“They (veterans) say marijuana has saved their lives,” said Brothers.


5 States angling to put recreational marijuana on the ballot in 2018

Sure, it's the pun of all puns, but the marijuana industry really is growing like a weed. According to cannabis research firm ArcView, the North American legal-cannabis market saw sales increase by 34% in 2016 to $6.9 billion, and they're liable to grow by an average of 26% a year through 2021. That's a nearly $22 billion market up for grabs, and investors certainly want a piece of that pie.


Could marijuana businesses boost reservation economies?

Tribal leaders from California and Washington recently discussed the potential opening of legal marijuana businesses on tribal lands.

Several members of the National Indian Gaming Association attended the meeting and touted the financial and health rewards.

David Vialpando, Santa Ysabel Gaming Commission chairman in Southern California, said the Iipay Nation has a marijuana enterprise that didn’t require a financial investment but reaps revenue.

Vialpando said the tribe creates revenue by leasing tribal land for growing marijuana, taxing licensed dispensaries and charging regulatory fees.


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