Medical Weed Sales Continue To Decline in Arizona

Medical Weed Sales Continue To Decline in Arizona
High Times

There is a Grand Canyon-sized gulf between medical cannabis and recreational marijuana in Arizona. Sales of medical marijuana continue to decline, while adult-use pot sales are climbing.  The latest figures to be released by the Arizona Department of Revenue found that taxable medical cannabis sales totaled $31.3 million for October, representing the eighth consecutive month of decline. Adult-use cannabis sales, on the other hand, amounted to $73.8 million in October, a new high for the state’s recreational pot program.  Those totals mark the continuation of a trend for the Grand Canyon State’s dual cannabis markets.  Voters in Arizona legalized medical cannabis in 2010, and sales began two years later. Arizona voters likewise approved a proposal legalizing recreational cannabis in 2020, with sales kicking off in January 2021.  Medical cannabis sales outpaced recreational sales for the first 11 months of 2021. In December of that year, adult-use marijuana sales totaled $70,317,105, compared with $57,971,859 in sales for medical marijuana that same month.  Recreational pot sales have exceeded medical sales every month since.  As the AZ Mirror noted this week, the “crumbling of the medical program follows a pattern other states have seen with medical markets outpaced by recreational sales in the wake of legalization.” The outlet has more on the divergent sales trends:  “The state collects 16% excise tax on recreational sales in addition to the standard sales tax; medical patients pay roughly 6% in state sales tax, levied as a Transaction Privilege Tax on cannabis outlets. Local jurisdictions charge an additional 2% or so for all marijuana sales. One-third of recreational taxes collected are dedicated to community college and provisional community college districts; 31% to public safety — police, fire departments, fire districts, first responders — 25% to the Arizona Highway User Revenue Fund, and 10% to the justice reinvestment fund,…

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Source : Medical Weed Sales Continue To Decline in Arizona

reposted by Cannabis News World

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