economic growth

In 2019, Arizona became the first state to require that state licensing agencies recognize an equivalent license issued by another state and issue a reciprocal license to practice in Arizona.
Known as a “regulatory sandbox,” this new legal option allows business owners to seek shelter under a one-year program (with a one-year extension option), which would suspend a law or regulation that stands in their way, while regulators closely monitor the business to ensure everything remains safe.
As applied to legal systems, a regulatory sandbox is an approach where a company can offer its products and services under the suspension of a particular law or regulation that might have otherwise inhibited it — and the concept is catching on in America.

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