Republican state Sen. Sonny Borrelli wants Arizona’s marijuana social equity licensees to regain control of their licenses, alleging that they were preyed upon by large operators and investors.
Borrelli’s Senate Bill 1262 would give the state’s attorney general the authority to investigate allegations of “predatory tactics to seize control of nearly all the lucrative licenses,” according to the Arizona Center for Investigative Reporting (AZCIR).
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“The way this social equity license thing is supposed to work is that people that apply for it are supposed to maintain that 51% ownership,” Borrelli said at a Feb. 13 Senate hearing, the AZCIR reported.
“Technically, the people that are supposed to have a social equity license don’t get it. The ones that do have the social equity
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