Massive-scale cannabis dispensary corporations such as Harvest, CuraLeaf, and MedMen continue to supply the lion’s share of funding for the initiative to legalize cannabis in Arizona in 2020, campaign filings show.
A campaign finance report filed on October 12 shows the Intelligent and Secure Arizona Act raised more than $300,000 in the third quarter of 2019, virtually totally from company contributions.
That is about half of what the initiative earned in its final filing, but it nevertheless brings the measure’s total earnings to a sizable $1.two million, a year prior to it is most likely to seem on the ballot.
Almost half the campaign’s total funding has come from Harvest Enterprises, Inc., a dispensary retailer with 10 places across Arizona and a expanding presence in at least eight other states across the U.S.
If it passes subsequent year, the Intelligent and Secure Arizona Act would legalize cannabis for all adults ages 21 and older. It has assistance from significant players in Arizona’s marijuana sector, such as the Arizona Dispensaries Association and the Marijuana Market Trade Association of Arizona. But it has also drawn criticism from these who say it prioritizes present dispensary owners and multibillion-dollar corporations more than individuals and compact company owners who want to break into a booming sector.
Members of a new group, the Arizona Cannabis Chamber of Commerce, are concerned the measure would outcome in large companies monopolizing the sector, so they are writing their own competing proposal.
“The initiative is truly the large companies’ initiative,” AZCCC board member Mason Cave stated in an interview final month. “I’m for smarter, wiser legislation more than these guys’ pockets.”
The filings show the Intelligent and Secure Arizona Act is overwhelmingly funded by dispensaries with sprawling footprints across the state. In the third quarter of 2019, Harvest invested an further $167,500 in the initiative, bringing its total donations to more than $500,000. CuraLeaf, which has eight dispensaries across Arizona, and MedMen, which has 3, have also been key backers, with $400,000 and $200,000 in total contributions, respectively.
Stacy Pearson, a senior vice president at Methods 360 and a spokesperson for the initiative, stated Harvest has contributed an further $200,000, and CuraLeaf has contributed an further $100,000 because the third-quarter cutoff date.
The measure also received cash from other dispensary corporations in Arizona, the Arizona Dispensaries Association, and a compact quantity of person donors, who contributed about $900.
Meanwhile, organizers are shelling out massive sums of campaign money for tactic and signature-collecting efforts. In total, they’ve spent far more than $400,000 on consulting groups and PR firms. They’ve also paid $250,000 to the firm Petition Partners, which is heading up its signature-gathering work. At the finish of its third quarter, the initiative had about $115,000 in money to spare.
Pearson stated even even though most of the funding has come in from multistate companies, the initiative has focused on the requires and interests of Arizona residents.
“As component of the drafting procedure, we met with far more than 300 regional stakeholders,” she stated. “We did not take legislation that worked in California and attempt to match it into an Arizona situation. We began from scratch in Arizona.”
If the measure can amass 237,645 valid voter signatures by July two, 2020, it will seem on the 2020 ballot.
No significant group so far has emerged to oppose the legalization of adult-use cannabis in Arizona for 2020. The prohibitionists behind Arizonans For Accountable Drug Policy, a group that raised more than $six million with support from Governor Doug Ducey to support defeat a 2016 legalization initiative, have not however begun a new fundraising work and did not respond to a get in touch with for comment.