Arizona collected more than $20 million in medical and adult-use marijuana tax revenue in August, data released by the state this week shows. Medical cannabis taxes were slightly higher at $6,388,816 last month, compared to $4,542,166 collected from the recreational market, according to the Department of Revenue. The state also took in an additional $9,515,016 from the marijuana excise tax. However, these figures are preliminary and may change, as some businesses could need additional time to send in data. July’s cannabis tax revenue was slightly higher compared to August, with the state taking in about $400,000 more in the prior month. While medical cannabis taxes are still outpacing those from the adult-use market, that gap has been generally been narrowing in the months since recreational sales first launched in January. That’s a trend that’s been observed across numerous states after adult-use marijuana is legalized.
Kyle Jaeger, Marijuana Moment, 09/10/2021 11:02:00