Arizona is expected to accept applications for adult-use cannabis licenses in January, and Phoenix Business Journal called on Gary Smith for insight on why 26 social equity licenses are included and what they could mean for cannabis entrepreneurs in the state.
Gary explains these 26 social equity licenses were designed to “level the playing field” in the cannabis industry, as the War on Drugs disproportionately impacted African Americans and other groups. However, he warns that without adequate guidelines, these licenses could end up unintentionally benefiting privileged groups. A license to sell recreational cannabis represents enormous opportunity — Gary compares attaining a license to finding a Willy Wonka golden ticket.
As one of the leading cannabis attorneys in Arizona, Gary frequently shares his expertise with media and industry groups. He founded and currently serves as president of the Arizona Cannabis Bar Association, which is committed to educating lawyers and the public about cannabis law and responsible legislation.