In this episode, we are joined by Hirsh Jain of Ananda Strategy.

Hirsh does a deep dive on the Arizona market, which implemented its adult use program in a record 2.5 months after legalizing cannabis through a state ballot initiative in November 2020, generating more than $1.35 billion in sales in its first year. Hirsh walks through some of the reasons Arizona's program has had success, including its licensing structure, favorable tax climate and a high level of cooperation between state regulators and the industry.

We also discuss what other states may be in a position to learn from Arizona's example, and implement successful adult use programs in the near future.