“The leisure market has tripled reported totals over the medical aspect for 2 of the previous three months.”
By David Abbott, Arizona Mirror
Arizona’s leisure hashish gross sales hit the $100 million mark in March for the primary time since gross sales started, whereas the medical market maintained a tenuous equilibrium across the $30 million mark monthly.
The leisure market has tripled reported totals over the medical aspect for 2 of the previous three months.
The Arizona Division of Income reported that, in April, leisure gross sales reached almost $86.5 million, whereas March gross sales have been simply shy of $101 million, marking the primary time since leisure gross sales kicked off in January 2021 the market has hit the nine-figure mark.
The primary time each medical and leisure gross sales hit the $100 million mark mixed was in March 2021, when medical gross sales have been barely greater than $73 million and leisure hit $59 million.
Since then, total hashish gross sales have topped $100 million each month. However this marks the primary time a single pillar of the market topped that quantity by itself.
Leisure gross sales for December 2022 by means of February 2023 have been $93.4 million, $91.3 and $84.5 million respectively.
Medical gross sales have declined constantly—at instances precipitously—since reaching a peak of $73.3 million in April 2021.
July 2021 noticed medical hashish gross sales drop beneath $40 million. Since September 2022, they’ve fluctuated between about $33 million and $28.6 million in February 2023, the bottom in month-to-month gross sales because the ADOR started reporting gross sales totals for the packages.
Medical marijuana gross sales in April have been $30.3 million.
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The final time leisure and medical gross sales have been wherever close to equal was October 2021, when adult-use gross sales have been $65.8 million and medical gross sales have been $64.4 million.
Taxes collected on leisure gross sales in April have been $15.4 million and the overall for each packages was $24.8 million.
The state collects a 16 p.c excise tax on leisure gross sales along with the usual gross sales tax; medical sufferers pay roughly six p.c in state gross sales tax. Native jurisdictions cost a further two p.c or so for all marijuana gross sales.
The excise tax on adult-use marijuana gross sales has yielded $154.6 million thus far in 2023. In 2021, leisure hashish generated $32.9 for eleven months of gross sales in a brand-new market, and in 2022 that quantity ballooned to $132.8 million. For the reason that program launched, the state has collected greater than $320 million in marijuana excise taxes.
One-third of these taxes are devoted to neighborhood faculty and provisional neighborhood faculty districts; 31 p.c to public security, together with police, hearth departments, hearth districts and first responders; 25 p.c to the Arizona Freeway Person Income Fund; and 10 p.c to the justice reinvestment fund, which is devoted to offering public well being companies, counseling, job coaching and different social companies for communities which have been adversely affected and disproportionately impacted by marijuana arrests and criminalization.
The Arizona Division of Well being Providers, which oversees hashish regulation within the state, releases month-to-month experiences on the medical program which might be typically a month forward of ADOR’s tax experiences.
The ADHS experiences that, as of Could, there have been 127,288 qualifying affected person cardholders, roughly the identical as there have been in April.
In January 2021, ADHS reported a complete of 299,054 qualifying sufferers, a quantity that has been dwindling month-by-month.
By means of Could, Arizona medical hashish shoppers have bought 27,993 kilos of marijuana in varied kinds. The full for Could was 5,635 lbs.
This story was first published by Arizona Mirror.
The submit Arizona Month-to-month Leisure Marijuana Gross sales Exceed $100 Million For First Time, State Information Exhibits appeared first on Marijuana Second.