The first step toward a $1 billion dispensary in Arizona: Elevation Station
AUSTIN — A new company is planning to open a $2 billion dispensary here in the next three to five years, and it has a very specific idea of what it wants to sell.
“Our mission is to bring cannabis to Arizona,” said Josh Kremers, CEO of Elevation, a medical marijuana startup founded by former Vice President and current President of Business Development for the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives Josh KREMERS.
“It’s going to be a retail store.
It’s going for a very low price, and we’re going to have a very strong presence in Arizona, in particular in Phoenix, which is a major cannabis consumer base.”
The company hopes to open its first dispensary in the city of Scottsdale in the first half of 2020, Kremists said.
The company plans to open the first dispensary of its kind in the state in 2018, Kremer said.
It expects to expand the company’s presence in the metro Phoenix area.
Kremers said he is looking forward to a few challenges with the project.
One is zoning.
“We’re going through the process right now, and our project is going to require some zoning,” Kremies said.
“One of the things that’s going on is there’s a lot of development around it.
There’s a high density of housing and other areas.
We’re going from a residential to a commercial area.
We’ve got a lot more to consider.”
The other issue that Kremes said he’s looking forward is the price.
“If we don’t raise the capital and raise it fast, it could be quite a few years before we get there,” he said.
Another challenge is getting approvals from local governments.
“In the U, they don’t want to give a lot away,” Kremers said.
Kremys hopes that with Elevation’s presence here in Arizona and other markets, he can help make Arizona a more attractive place to do business.
Arizona has one of the strictest marijuana laws in the country.
Marijuana remains illegal under federal law, even though the state legalized it in 1996.
A federal judge ruled last year that the state’s marijuana prohibition violates the First Amendment.
In 2015, Arizona passed legislation allowing dispensaries and grow facilities to operate in the Golden State.
The state has also seen several attempts by the state Legislature to legalize recreational marijuana use.
Last month, Arizona became the first state to legalize the recreational use of marijuana, and Gov.
Doug Ducey signed legislation into law last week legalizing medical marijuana use in Arizona.
The bill also allows adults to possess up to an ounce of marijuana.
The proposed dispensary in Phoenix is a little different from the rest.
Elevation is a medical cannabis company that plans to sell marijuana to people with conditions that include cancer, multiple sclerosis, multiple epilepsy, Crohn’s disease and multiple sclerosis.
The Arizona Department of Public Health will decide how to handle the project in the coming months, Klemers said.
Phoenix is a popular destination for recreational marijuana.
The city has about 6,500 medical marijuana patients, according to data from the Arizona Department the Bureau of Marijuana Control.
Phoenix has a population of about 2.8 million, according the state Office of the Chief Medical Examiner.
The company also has plans to build out its distribution network in Arizona with new dispensaries and other distribution centers, Klems said.