We re creating extremely lucrative lottery tickets, she said. The number of folks who win the lottery and sell immediately is going to be astronomical.
(Applicants will need to cough up a nonrefundable $5,000 to enter the contest, which will take place in mid-December. No lottery will occur if there are fewer than 26 applicants for the 26 available social equity dispensary licenses. But Gunnigle said that with each license worth an estimated $7-10 million or more on the open market, the number of applicants expected is well into the thousands. )
Last month, 355 applicants applied for 13 standard medical and recreational licenses that were given away in a lottery designed to bring dispensaries to rural parts of the state. That brought the total number of licenses in Arizona to 143. The social equity license program, mandated by Arizona s successful 2020 recreational marijuana initiative to help bring relief to communities disproportionately impacted by the war on drugs, is th