Medical hashish gross sales dropped precipitously for the seventh month in a row whereas adult-use transactions are setting information.
By David Abbott, Arizona Mirror
Medical marijuana gross sales in Arizona proceed to crater as leisure gross sales stay sturdy, in keeping with tax and gross sales information compiled by the Arizona Division of Income.
Gross sales of medical hashish dipped to barely lower than $45 million in Might, their lowest complete since January 2021, when adults have been first allowed to buy marijuana for leisure use.
In the meantime, preliminary estimates from tax collectors peg leisure gross sales at $76.5 million, the fifth time adult-use gross sales surpassed the $70 million mark.
And ADOR revised April’s gross sales upward to $81.2 million, up from the preliminary estimate of $75.5 million, making it one of the best gross sales month but for leisure hashish.
The earlier document was $80.4 million in March.
Medical hashish gross sales dropped precipitously for the seventh month in a row to barely lower than $45 million in Might, solely the second time prior to now 12 months medical gross sales dropped beneath the $50 million mark.
Preliminary numbers for June point out $33.7 million in medical gross sales with leisure gross sales already on tempo to hit one other document, with $66.4 million reported up to now.
Whole gross sales for each applications in Might have been $121.5, with a revised complete for April at $131.5 million. Whole for the 12 months, together with the preliminary June numbers is already greater than $1 billion, with six extra months of reporting to return. Final 12 months, the primary 12 months of leisure gross sales, Arizona shoppers bought greater than $1.4 billion in authorized hashish merchandise.
The Arizona Division of Well being Companies reports regular declines within the medical marijuana program by July, with complete gross sales in poundage dropping from 9,273 kilos offered through almost 600,000 transactions in January to about 5,600 kilos by roughly 350,000 transactions in July. The variety of lively cardholders within the state dropped as soon as once more from 191,682 in June to 158,154 in July.
ADOR has not launched fiscal numbers past the preliminary June totals.
Whole tax revenues for medical and leisure gross sales in Might have been reported at $24.3 million, with $13.4 million from the 16 p.c marijuana excise tax imposed on leisure gross sales.
12 months-to-date, the leisure excise tax has introduced $177.3 million into the state’s tax coffers, which is split by statute specified by Proposition 207, which legalized adult-use, leisure hashish in 2020.
One-third of taxes collected are devoted to neighborhood school and provisional neighborhood school districts; 31 p.c to public security—police, fireplace departments, fireplace districts, first responders—25 p.c to the Arizona Freeway Person Income Fund, and 10 p.c to the justice reinvestment fund, devoted to offering public well being providers, counseling, job coaching and different social providers for communities which were adversely affected and disproportionately impacted by marijuana arrests and criminalization.