Why Sales Growth Is Exploding at Arizona Dispensaries

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Summary

Arizona sales vs. sales in similar states From January through September 2021, Arizona recorded a total of $1.6 billion in cannabis sales (medical and adult-use) — $175 million more sales than Colorado. While many medical customers may opt not to renew their cards, some medical customers still might as medical sales in Arizona don’t have the 16-percent excise tax adult-use sales incur. Graph: Headset Looking at category sales shares in each state, we see flower is the largest category, capturing 44.9 percent of sales in Arizona in September. Given the state’s cannabis market is new to recreational sales, there is still a significant portion of medical sales . Arizona began adult-use cannabis sales in January 2021 and since has become the second-highest-selling market Headset tracks (behind California).

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Arizona began adult-use cannabis sales in January 2021 and since has become the second-highest-selling market Headset tracks (behind California). This is interesting because Arizona has a population of only 7 million people. States like Illinois and Michigan have larger populations, younger people, and bordering states that haven’t legalized adult use (Illinois has reported 30 percent of adult-use sales come from out-of-state residents), and yet Arizona is outselling both of them.

Let’s take a deeper look at Arizona dispensaries to see what’s selling and why.

Arizona sales vs. sales in similar states

From January...

Read the full article @ MG Retailer