Stiff competition for new marijuana licenses

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The Arizona Department of Health Services is going to grant 31 new licenses for the sale of marijuana in the state. 750 applications are in and applicants are forking over $5,000 for each one.

Marijuana as a business in Arizona will grow, especially if voters pass Prop 205 and make recreational marijuana legal this November for people over age 21 with restrictions: adults could possess one ounce and grow up to six plants.

At Giving Tree Wellness Center in the Deer Valley area of north Phoenix, there’s a dispensary offering medical marijuana to patients, and behind it, an extensive grow room. 1,000 plants, different strains of marijuana, complete with a lab to ensure high quality standards are met.