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.
The learning curve for entering the cannabis industry is steep. Start with the fundamentals.
MJBiz Cannabis 101 Email Course
A 10-part email course designed to educate new hires and aspiring professionals on the key fundamental areas of the legal cannabis industry, including:
- History of legal cannabis in America
- Overview of plant-touching + ancillary business sectors
- Cannabis finance and investing
- Cannabis marketing and brand building
- Employment + hiring opportunities
- And much more!
Gain a comprehensive understanding of this complex industry with this free resource.
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.