Dixie Brands pulling out of Arizona medical cannabis market
Colorado-based Dixie Brands, a major multistate edibles producer, is poised to pull out of Arizona indefinitely after entering the medical marijuana market there roughly a year ago.
“As of September 1, we will officially be out of the Arizona market,” a company executive wrote in an email to Dixie distributors in Arizona. Marijuana Business Daily obtained the email Monday.
Company spokesman Joe Hodas confirmed the move in an emailed statement, writing that the business hopes to re-enter Arizona “in the near future.”
Hodas wrote that the pullout is “temporary” and attributed the decision to a miscalculation regarding how much capital investment
Dixie Brands pulling out of Arizona medical cannabis market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs