Expectations are high in Arizona’s cannabis industry and throughout the U.S. as we forge forward in 2021.
Tag: arizona economy
Raising Arizona: Understanding the Financial and Operational Challenges in the Cannabis Industry
Despite the financial, operational and legal challenges facing the cannabis industry, significant growth is expected in Arizona and throughout the U.S. Establishing a consistent and effective risk framework to address these challenges will minimize losses in the future.
Budding Growth on the Horizon
ASCPA’s Cannabis Special Interest Section Update The cannabis industry is anticipating high-speed growth potential particularly here in Arizona. Despite the many challenges faced by the industry in 2020, Arizona product sales increased and tremendous growth is expected as a result of recent legalization.
Photo by Tim Agne – KJZZ
How Much Tax Revenue Could Recreational Marijuana Bring to Arizona
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[ … ]
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.[ … ]
Arizona CFOs reveal cautious optimism for 2020
[September 30, 2019 – PHOENIX] – Although early predictions for a downturn in 2019 have not come true, Arizona’s industry leaders are planning for the unexpected while hoping for the best. Results from the 2019-2020 Arizona CFO Spotlight Survey indicate a strong focus on operational efficiency, reputation management, and talent planning. The fourth annual survey[ … ]
Arizona CFOs, Leaders Maintain Economic Optimism Across Industries
BeachFleischman PLLC 2018 Arizona CFO Spotlight SurveyHighlights Three Ts: Talent, Tech & Taxes [March 2018, PHOENIX] Talent — getting enough quality talent and keeping it — is the primary economic and reputation concern of leaders participating in the third-annual Arizona CFO Spotlight Survey conducted by BeachFleischman PLLC. The hunt for talent edged out two-year survey[ … ]
