Arizona Cannabis Tax Revenue Tops $20 Million

Arizona Cannabis Tax Revenue Tops $20 Million - Marijuana Packaging

According to the Arizona Department of Revenue, the state collected more than $20 million in marijuana tax revenue in August — $6,388,816 from medical cannabis taxes, $4,542,166 from recreational marijuana, and $9,515,016 from the marijuana excise tax. According to the Department of Revenue, overall cannabis tax revenue from January through August was $115,701,426.

Arizona’s recreational marijuana sales are closing the gap with their well-established medical marijuana market. Despite those encouraging numbers, some industry experts don’t expect recreational sales to overtake medical sales for quite a while. But, it is a trend that’s been consistent across numerous states where adult-use marijuana has been legalized.

Many are suggesting that the stress and isolation of the COVID-19 lockdown has contributed to a rise in sales. A recent analysis of sales data in Alaska, Colorado, Oregon, and Washington State found that cannabis purchases “have increased more during the COVID-19 pandemic than in the previous two years.”

Many states declared marijuana businesses to be essential services.  Some jurisdictions issued emergency rules permitting curbside pickup and delivery services to facilitate social distancing.

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