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Home»Business & Industry»Medical Cannabis Sales in Arizona at Lowest Point Since Launch of Adult-Use Market
Business & Industry

Medical Cannabis Sales in Arizona at Lowest Point Since Launch of Adult-Use Market

August 24, 2023Updated:December 6, 2024No Comments2 Mins Read
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Medical Cannabis Sales in Arizona at Lowest Point Since Launch of Adult-Use Market
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Medical hashish gross sales in Arizona in Could fell to their lowest level because the launch of the adult-use market in January 2021, the AZ Mirror reviews. Grownup-use gross sales totaled $82.9 million, whereas medical hashish gross sales reached $28.3 million, in response to state Division of Income (ADOR) knowledge outlined by the Mirror. 

For the reason that launch of the adult-use market, medical hashish gross sales within the state have topped $1.4 billion, whereas adult-use gross sales have surpassed $2 billion.   

Grownup-use gross sales had been additionally initially estimated by ADOR at greater than $100 million in March, however in Could the company revised that complete down by about $1 million in Could, and, on the similar time, elevated gross sales estimates in April from $86.5 million to $90.1 million, the report says. 

Mixed hashish gross sales within the state are nonetheless usually topping $100 million within the state however in July 2021 medical hashish gross sales fell beneath $40 million for the primary time and have by no means recovered. In response to ADOR knowledge, as of July, there have been 126,938 qualifying medical hashish affected person cardholders, down from 127,288 in Could and fewer than half of the 299,054 qualifying sufferers reported in January 2021. 

To date this 12 months, the adult-use hashish tax has generated about $182.3 million for the state, which has already surpassed 2022’s complete of $132.8 million.  

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