For-profit Canadian firms moving in on Arizona nonprofit pot market

Canadian companies are investing millions of dollars into Arizona’s medical marijuana market in order to turn profits and wield influence over the state’s lucrative non-profit dispensary market.

One company, Canadian Bioceutical Corp., has paid $30 million to acquire management firms that provide services to two Mesa dispensaries.

These Canadian corporations are purchasing management companies that provide a range of services to medical marijuana facilities.

Multiple companies like Canadian Bioceutical Corporation refer to Arizona’s marijuana market as highly profitable, a statement seemingly at odds with the non-profit nature of Arizona’s medical marijuana industry.

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