Arizona MMJ Sales Triple to Hit $112M

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Medical marijuana is booming in Arizona.

Dispensaries in the state recorded $112 million in medical cannabis sales last year, nearly triple the total in 2013, according to the Arizona Department of Health’s year-end report.

The stata’s 63,417 active cardholders purchased just over 9.1 metric tons of MMJ in 1.4 million individual transactions, and just five dispensaries accounted for 20% of those sales, according to the report. Patients are allowed by state law to purchase up to 2.5 ounces of cannabis every 14 days.

The average patient made 17 cannabis purchases through the year, with average prices coming in at an estimated $350 an ounce.

In addition, the number of transactions rose from roughly 80,000 in January 2014 to more than 166,000 in December, with sales growth followed a similar arc.

The number of registered patients also jumped more than 40%.

“Interestingly, the uptick in the number of applications for qualifying patients after June 2014 is also partially attributable to the increase in the number of new dispensaries,” the report reads.