Medicine Man Technologies Inc (SHWZ)

[damAcon1]

Arizona is interesting, but because it is a limited licensed state, it is pay (big) to own a license, but that 'retail' license is fully vertical...meaning it covers retail, cultivation and manufacturing. At this point in SHWZ's growth I am not sure they would want to overpay. I could see them saying that the amount to purchase a license, or acquire a company, might see a better return if used elsewhere. The one interesting thing about Arizona, that I didnt know until a recent podcast, is that current license holders are allowed to sublease. Now I know it goes against SHWZ's 'go-deep' strategy but I also think it would be a very interesting option because Arizona has been favorable to taxing cannabis businesses. I believe I heard that there is no cultivation tax. My thought, what if they pay to sublease? Then they could get brands for sale in the state. But also what if, they use their cultivation or processing skillsets and work out a sublease to own, kind of deal. Work their way into the state through the backdoor.