Arizonans purchased greater than $100 million in leisure marijuana in March

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 round
the $30 million mark per 30 days.

The leisure market has tripled reported totals over the medical facet for 2 of the previous three months.

The Arizona Division of Income
reported that, in April, leisure gross sales reached practically $86.5
million, whereas March gross sales have been simply shy of $101 million, marking the
first 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 February 2023 have been $93.4 million, $91.3 and $84.5 million respectively.

Medical gross sales have declined persistently — 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
applications.

Medical marijuana gross sales in April have been $30.3 million.

The final time leisure and
medical gross sales have been anyplace 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 full for each applications was $24.8 million.

The state collects a 16% excise tax
on leisure gross sales along with the usual gross sales tax; medical
sufferers pay roughly 6% in state gross sales tax. Native jurisdictions cost
an extra 2% or so for all marijuana gross sales.

The excise tax on adult-use marijuana
gross sales has yielded $154.6 million to this point 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 group faculty and provisional group faculty
districts; 31% to public security, together with  police, hearth departments,
hearth districts and first responders; 25% to the Arizona Freeway Person
Income Fund; and 10% to the justice reinvestment fund, which is
devoted to offering public well being companies, counseling, job coaching
and different social companies for communities which were adversely
affected and disproportionately impacted by marijuana arrests and
criminalization.

The Arizona Division of Well being
Companies, which oversees hashish regulation within the state, releases
month-to-month reviews on the medical program which are typically a month forward
of ADOR’s tax reviews.

The ADHS reviews 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.

Via Could, Arizona medical hashish
shoppers have bought 27,993 kilos of marijuana in numerous kinds.
The entire for Could was 5,635 lbs.