Multi-state operators equivalent to Harvest Well being & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) are busy opening double-digit dispensaries this yr to capitalize on a rising tide of leisure and medical legalization in varied U.S. jurisdictions.
The corporate simply launched dispensary quantity 11 in Arizona with the grand opening of Harvest of Chandler. That seven day per week website is situated on E. Chandler Blvd within the metropolis of Chandler and can give attention to medical cannabis schooling initiatives for the area people along with offering direct affected person entry.
Chief Govt Officer Steve White commented on this newest dispensary opening in Maricopa county:
Harvest has turn out to be the main, trusted cannabis supply for sufferers and clients throughout Arizona, and we’re proud to extend entry to high-quality services and products for the Chandler neighborhood. With this opening, we’re thrilled to proceed our enlargement on this rising market and broaden entry of medicinal cannabis and assets for sufferers.
Medical cannabis utilization was accepted within the state again in 2010, whereas a voter initiative to legalize leisure marijuana narrowly failed in 2016 with slightly below 49% of the general votes solid in favour.
With greater than 2.5 million voters collaborating in that election, the initiative misplaced by simply over 67,000 votes. A brand new initiative with totally different phrases and language is anticipated to be included on the 2020 poll subsequent yr.
At present 11 states throughout the U.S. have legalized grownup leisure cannabis, whereas 33 states plus the District of Columbia have handed legal guidelines permitting medical utilization for various circumstances.
State-by-state legalization initiatives and the chance of full federal legalization are rapidly changing into main marketing campaign points for the upcoming election cycle, whereas north of the border nationwide leisure legalization in Canada will have a good time its first anniversary subsequent month.
In different Harvest information, the corporate just lately teamed up with the Cookies cannabis way of life model to start promoting strains equivalent to Sorbet 11, The Lime, Lemonchello 28, and Lemon Pebblez at Arizona areas. Harvest moreover expanded Maryland operations by buying the rights to run the Your Farmacy-CWS, LLC dispensary earlier in September.
Harvest Well being and Recreation’s inventory is sitting at $3.90 a share this morning, down from the $4.61 value this similar time final month and noticeably decreased from the $10 vary again in April.