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Arizona voters permitted leisure marijuana in 2020 with the passage of Proposition 207, the Arizona Good and Secure Act. The medical marijuana market started in 2012, following the passage of the Arizona Medical Marijuana Regulation in 2010.
State Marijuana Gross sales In 2022
In response to a brand new report from the Arizona Division of Income (ADOR), the state’s hashish market “suffered a lack of almost $7 million in August, as each medical marijuana and adult-use leisure gross sales dropped about $3.5 million every from the earlier month.”
Nonetheless, the losses had been offset as ADOR revised July’s totals upward by nearly $7 million.
Regardless of the general discount, “complete hashish gross sales handed the $980 million mark within the first eight months of 2022 and can seemingly method, if not eclipse, 2021’s $1.4 billion earlier than the 12 months ends,” in accordance with ADOR’s report.
Background
In October 2021, medical gross sales had been round $65. 1 million and leisure gross sales had been $65.6 million. Since then, “packages have charted dramatically completely different trajectories, with the leisure program now outperforming medical gross sales by greater than $40 million,” stated the AZ Mirror.
In August, complete tax income for each, medical and adult-use gross sales, was estimated at about $20.5 million, with about $11.9 million from the 16% marijuana excise levied on leisure gross sales.
“From August to September, the variety of cardholders within the state fell from 144,678 to 136,010. In June, the variety of energetic cardholders was 191,682,” reads the September Arizona Division of Well being Companies report, which month-to-month informs on the medical marijuana program that features gross sales by the pound in addition to the variety of qualifying sufferers.
“Since January, when sufferers bought 9,273 kilos by means of almost 600,000 transactions, the variety of kilos of medical marijuana bought by means of September has almost halved to five,061 kilos.”
In associated information, federal sentencing information reported that Arizona could possibly be among the many states that profit most from President Joe Biden’s pardons of greater than 6,500 individuals who had been convicted in federal courtroom of easy marijuana possession expenses.
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Photograph: Courtesy Of Shutterstock // Edited by Benzinga
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