In the first year, medical cannabis sales still outpaced recreational sales. But while recreational pot sales have continued to climb, medical cannabis sales have gone the other way. “Medical cannabis sales dropped precipitously for the seventh month in a row to slightly less than $45 million in May, only the second time in the past year medical sales dropped below the $50 million mark,” the AZ Mirror reported. “Preliminary numbers for June indicate $33.7 million in medical sales with recreational sales already on pace to hit another record, with $66.4 million reported so far.” Arizona legalized medical cannabis in 2010, and the first sales launched two years later. In 2020, voters there approved a ballot proposal that legalized recreational cannabis for adults aged 21 and older. Arizona’s medical cannabis decade-old market, meanwhile, continues to see lagging sales. Adult-use sales began in January 2021.
The two regulated cannabis markets in Arizona are currently heading in different directions.
For the Grand Canyon State’s newly launched recreational pot industry, business is booming. Arizona’s medical cannabis decade-old market, meanwhile, continues to see lagging sales.
Citing figures from Arizona’s Department of Revenue, the AZ Mirror reports that “sales of medical cannabis dipped to slightly less than $45 million in May, their lowest total since January 2021, when adults were first allowed to purchase marijuana...
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