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Will Bankrupt Entrepreneurs Get into Medical Marijuana Business in AZ?

By Joseph McDaniel, Esq.

A lot of people who filed bankruptcy cases over the last five years in Arizona were previously business owners.

They owned mortgage companies, they owned construction companies, they owned restaurants, and they owned hotels.

And when a depression hits, people don't spend money on anything upon which they can defer spending.

Do I think that medical marijuana dispensaries will make money for people who previously ran businesses?

Well, it'll make money for somebody.

But the first folks in Arizona to set up shop selling medical marijuana will be pioneers.

Do you know how you can tell a pioneer?

They're lying face down with arrows in their back!

But seriously, folks, being at the forefront of any sort of business is as risky as possible.

And remember, it's not as though the new statutes will be selling at the lowest possible price; those prices will be charged by the currently existing marijuana suppliers.

The unlicensed providers, you know?
 

Full post as published by Arizona Bankruptcy Attorney Blog on March 29, 2011 (boomark / email).