Interview With An Arizona Cannabis Expert – Peter Davis, CPA, ABV, CFF, CIRA, CTP, CFE – Cannabis & Hemp – United States – Mondaq News Alerts

I recently had the opportunity to sit down and interview Peter Davis. Most people in the Arizona cannabis industry know Peter. Peter was one of the first receivers appointed over a dispensary in the United States. Since then, Peter has built a very reputable cannabis practice. He is currently the receiver over a Phoenix based dispensary that also has a grow operation. Peter has been a receiver over dispensaries on three occasions. In addition to Arizona, Peter has also assisted clients in California and Nevada.

Peter also comes from the insolvency and financial advisor world. I have had the good fortune of working with Peter on Chapter 11 bankruptcy matters. Among other things, Peter was appointed as an Examiner for group of c-stores that filed bankruptcy in Arizona where my client was one of the senior secured creditors.

Peter started Simon Consulting in 2000 and recently merged with JS Held, which has 1,200 professionals worldwide. Peter is a newly appointed Senior Managing Director in J.S. Held’s Restructuring, Turnaround & Receivership Practice. To read more about Peter and his background, please CLICK here.

Ethan: Peter, thank you for taking the time to sit down with me. What are some of the issues you’re seeing in the cannabis industry in Arizona?

Peter: Good question, Ethan. Right now, the biggest issue facing the industry is supply. Since recreational marijuana became legal in Arizona, there has been a shortage of product.

Ethan: What impact has that had on the market?

Peter: The price per pound has gone up rapidly. Before recreational marijuana was legalized, a pound of flower was selling for around $700. Now, the price per pound is $2,000, and I see the price continuing to go up until supplies can catch up with demand. The pricing also depends on how the cannabis

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