The total includes more than $1.3 million in taxes on medical marijuana sales and more than $226,000 in taxes on recreational cannabis, according to data from the Arizona Department of Revenue. The state of Arizona has already raised more than $2 million in taxes on marijuana this year, less than two months after adult-use cannabis sales began in late January. Several existing medical marijuana dispensaries began adult-use sales on the first day, although many others did not begin recreational cannabis sales until February. During the month of February, Arizona dispensaries sold more than 214,500 total ounces of medical marijuana products, including cannabis flower, edibles, and concentrates. However, February 2020 sales of medical marijuana were down about 10% from the previous year, the first month-over-month drop recorded in the history of the program.
The state of Arizona has already raised more than $2 million in taxes on marijuana this year, less than two months after adult-use cannabis sales began in late January. The total includes more than $1.3 million in taxes on medical marijuana sales and more than $226,000 in taxes on recreational cannabis, according to data from the Arizona Department of Revenue. The state also collects an excise tax on cannabis as well as a transaction privilege tax (TPT), bringing the estimated total taxes collected so far this year to more than $2 million.
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