Arizona voters agreed recreational marijuana in 2020 with the passage of Proposal 207, the Arizona Smart and Safe Act. That Medical Marijuana Market started in 2012, after the passage of the Arizona Medical Marijuana Law in 2010.

State marijuana sales in 2022

According to a new report by Arizona Department of Treasury (ADOR), the State Cannabis Marketplace “Had suffered a loss of nearly $7 million in August as both medical marijuana and adult recreational sales were each down $3.5 million from the previous month.”

However, the losses were erased when ADOR revised July totals upwards by nearly $7 million.

Despite the overall reduction“Total cannabis sales for the first eight months of 2022 surpassed $980 million and are likely to approach, if not eclipse, 2021’s $1.4 billion before year-end,” so ADOR report.

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As of October 2021, medical sales were around $65. 1 million and leisure sale were $65.6 million. Since then, “the programs have taken dramatically different paths, with recreational programming now outpacing medical sales by more than $40 million,” the AZ Mirror said.

In August, total tax revenue for both drug sales and adult use was estimated at about $20.5 million, with about $11.9 million coming from the 16 percent marijuana use tax, which levied on the sale of leisure products.

“From August to September, the number of cardholders in the state fell from 144,678 to 136,010. In June, the number of active cardholders was 191,682,” according to the Arizona Department of Health Services’ September report, which provides monthly information on the medical marijuana program, including sales per pound and the number of qualifying patients.

“Since January, when patients bought £9,273 through nearly 600,000 transactions, that’s the number of pounds of medical marijuana sold by September has almost halved to £5,061.”

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