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Recreational cannabis excise taxes break records – Tucson, Arizona

Tucson, Arizona 2022-05-16 18:33:15 –

Tucson, Arizona (KGUN) — The excise tax on recreational cannabis sales in March reached a record $ 72.3 million in Arizona.

The Arizona Revenue Department’s Economic Research and Analysis Wing details the impact of the 16% tax.

From February 2021 to November 2021, medical sales dominated the cannabis market.

This dominance continued until December 2021 this year, when the number of recreations eventually exceeded the sales of medicines.

Since then, medical sales have continued to decline and excise tax revenues have increased.

by Departure of incomeAuthorities are still accounting for the total excise tax in April.

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