Arizona Adult-Use Weed Sales Top a Record $72 Million

Arizona Adult-Use Weed Sales Top a Record Million
High Times

Sales of adult-use cannabis in Arizona hit a record $72 million in March, while purchases of medical cannabis dropped for the fifth month in a row. Regulated sales of recreational pot began in Arizona in January 2021, less than three months after the state’s voters approved a cannabis legalization measure in the November 2020 general election. The Arizona Department of Revenue this week reported sales and tax revenue figures for March 2022 in the agency’s updated monthly report. The department also revised the reported sales for February 2022, increasing the total by several million dollars. Sales of recreational pot in Arizona amounted to $72.3 million in March, increasing by more than $2 million over the previous month. Sales of adult-use cannabis were also up more than $2 million in February, following a slight dip in sales in January compared to the month before. Sales of medical pot dropped to $49.4 in March, marking the first time sales of medicinal cannabis fell below $50 million since sales of recreational pot began last year. Medical sales hit their highest total of nearly $73 million in March 2021, dropping to more than $60 million per month over the next six months. Since October, sales of medicinal cannabis have dropped by more than $1.5 million every month as sales of recreational pot increased. Combined medical and adult-use cannabis sales came to $121.8 million in March. The Department of Revenue also raised its reported figures for regulated cannabis sales for February. Sales of medical pot were increased for the month by $1.2 million to $53.7 million, while reported adult-use cannabis purchases were adjusted upward by $2.3 million, bringing the new monthly total to almost $71 million. The figure for total cannabis sales for February was revised up to $123.8 million. Pot Sales Bring Tax Revenue…

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Source : Arizona Adult-Use Weed Sales Top a Record Million

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