MARK BRODIE: Arizona voters last month approved Proposition 207, which legalizes recreational marijuana in the state. Once sales start, buyers will have to pay state, county and city sales taxes. Marijuana will also be subject to a 16% excise tax with that money going to law enforcement, community colleges and other programs. Arizona is one of[ … ]
Photo by Sky Schaudt – KJZZ
Proposition 207: Arizona Voters Vote To Legalize Recreational Marijuana
Arizona has voted to legalize marijuana for recreational use, a decade after the state legalized medicinal cannabis. The measure is a win for Arizona’s marijuana community and businesses. Four years ago, voters rejected a ballot measure to legalize marijuana that fractured the pro-cannabis community in Arizona. This go around, backers of Prop. 207 sought consensus[ … ]
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‘In The Eye Of The Storm’ — Arizona Nonprofits Working To Keep Doors Open
A slim majority of Arizona nonprofits say it’s highly unlikely they’d have to close permanently during the next fiscal year if their financial situations do not improve in 2021. But more than 60% of those organizations say without some kind of financial assistance, they’ll see net operating losses of up to 50%. Those are among[ … ]
Where Does Arizona’s Revenue Stand At This Moment?
The COVID-19 pandemic that led to tens of thousands of layoffs, and record levels of unemployment claims in Arizona has also pummeled sales tax revenue over the past couple of months. We’ll remain in wait-and-see mode to see whether the lapsing of the stay-at-home order boosted the economy enough to counter the spike in cases[ … ]
Arizona Unemployment Rate Down 4.5 Percentage Points In May
A month after doubling as the state’s economy staggered under the coronavirus pandemic, Arizona’s unemployment dropped by 4.5 percentage points during May. The state Office of Economic Opportunity reported that the seasonally adjusted unemployment rate for May was 8.9%, down from 13.4% in April as business closures and other impacts from the pandemic took hold.[ … ]
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How Third-Party Delivery Services Are Reshaping Restaurants
Location, location, location is typically the mantra for most real estate decisions — and that’s definitely been the case for restaurateurs, especially the larger chains. They want to be in higher-traffic areas where other activities take place, either a mall or something similar. But the success and expansion of third-party delivery is causing many in[ … ]
Photo by Christina Estes – KJZZ
Complaints Lead Phoenix To Pass Short-Term Rental Ordinance
Owners of short-term rentals will soon face new rules. On Tuesday, the city council approved a new ordinance that will take effect in 30 days. The ordinance (details below) will require property owners who rent houses from one to 30 days to register their properties with the city and provide an emergency contact who can[ … ]
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Experts Predict Solid Stock Markets In 2020
Ask anyone with a 401(k) and they’ll likely agree — 2019 was a pretty good year for them. Every major market index increased by double digits from 2018. Experts like Bob Parker with Raymond James in Scottsdale says there’s no reason not to be optimistic about the markets in 2020. “Our base case in 2020[ … ]
