One year after Arizona legalized recreational cannabis, licensed companies have sold $1.23 billion in adult-use and medical marijuana products.
According to data from Arizona’s revenue department, adult-use retailers generated roughly $528 million in revenue.
That total includes $60 million in November and $59 million in October.
Adult-use cannabis sales in Arizona began Jan. 22, 2021, after 73 of 130 licenses were approved by the state health department.
MJBizDaily Indoor Cultivation Buyers Guide – Now available!
Master the complexities of growing cannabis indoors with fundamental tips and guidance from experienced cultivation professionals.
- Best practices in cultivation facility design
- Tips for mapping out a climate control system and purchasing components
- Indoor cultivation buyers guide checklist
- And more!
Sales reached $2.9 million in the first 10 days that adult-use transactions were permitted.
Arizona’s medical marijuana market launched Dec. 6, 2012, and generated $40 million in sales in the industry’s first 12 months.