Arizona Recreational Marijuana Sales Hit Record Monthly High, State Reports

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Marijuana sales in Arizona hit record highs in October, with nearly $58 million in estimated sales of recreational cannabis for the month, according to state tax officials.

For the month, the Arizona Department of Revenue reported that nearly $4.9 million in sales taxes—known officially as transaction privilege taxes—were collected in October for adult-use recreational marijuana. And when the 16 percent excise tax on cannabis is applied, Arizonans paid another $9.7 million to purchase marijuana, edibles, resins and more.

Arizona voters in 2020 approved Proposition 207, which legalized recreational marijuana use for adults, and sales began in January of this year. []

Source: Arizona Recreational Marijuana Sales Hit Record Monthly High, State Reports – Marijuana Moment

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