Curaleaf Holdings, Inc. will begin serving adult-use consumers across its eight dispensaries in Arizona.
Last month Arizona became the 11th state to commence adult-use cannabis sales after Proposition 207, the Smart and Safe Arizona Act (SSAA), passed by a majority vote in November 2020.
Adult-use purchases are subject to a 16 percent excise tax and the potential tax revenue, estimated to reach $166 million, will fund community colleges, infrastructure, public safety and public health programs. The SSAA also allows courts to vacate and expunge certain cannabis arrests, charges, adjudications, convictions and sentences.
Curaleaf is one of the first operators in the state to begin serving adult-use customers and will do so effectively immediately at its eight existing dispensaries, with a ninth retail location opening in the coming months. In anticipation of customer demand, the company expects to increase its current team of 420 employees by 120 new hires in the immediate future.
Curaleaf is actively operating dispensaries in nine medical-only states and eleven states that permit medical cannabis and have allowed adult-use cannabis.
"We are delighted to have the opportunity to finally open our doors to all adult-use consumers and medical patients throughout the state after nearly 2 million residents voted in favor of Proposition 207 last year," said Steve Cottrell, president of Curaleaf Arizona. "Curaleaf has been an advocate for patient health and wellness in this state for over three years, and we remain committed to serving our customers, both new and existing, during this momentous occasion."