In Arizona, marijuana sales surpassed 1.4 billion in 2021
Written by Redacción Mota Radio on 25 February, 2022
In Arizona, recreational marijuana sales began on January 22, 2021. In the first year of the program’s inception, cannabis users in the state spent more than $1.4 billion on marijuana.
According to reports from the Arizona Department of Revenue (DOR), the recreational market brought in almost $650 million, while the medical market, recorded $758 million in sales last year.
It is also worth mentioning that at the close of 2021, “recreational sales brought in more than $104 million in excise taxes, while sales taxes brought in another $50 million in tax revenue,” Marijuana Moment reported.
If the “$63.5 million in medical marijuana sales taxes are included in the aforementioned figures, cannabis sales in Arizona added about $217.5 million to the state’s coffers in 2021,” noted the aforementioned media outlet.
On the other hand, Headset, a provider of data and analytics for the cannabis industry, reported that cannabis flower accounted for approximately 47% of all Arizona cannabis sales last year. While vapor pens accounted for about 23.7%.