Tax Revenues Retail Sales Buzz: Arizona Adult-Use Cannabis Sales

Here's a report from Monday, March 15 2021

NEWS BRIEF

(Please Note: There is a delay in Arizona’s recreational sales reporting because marijuana taxes are collected a month after transactions occur)

Arizona adult-use cannabis sales hit $2.9 million during initial 10 days

Published March 15, 2021

Marijuana Business Daily

"Adult-use cannabis sales in Arizona reached $2.9 million in the first 10 days that sales were permitted, according to figures released by the state.

Recreational sales in Arizona began Jan. 22 after 73 of 130 licenses were approved by the Arizona Department of Health Services.

Medical cannabis dispensary operators were granted first crack at the new adult-use licenses.

26 additional  "social equity" licenses are still in the pipeline

The Arizona recreational market launched less than three months after voters approved adult-use sales during last November’s general election.

 

The state collected $226,355 in tax revenue on the sales.

Marijuana Business Daily projects that Arizona’s recreational market will reach $375 million-$400 million in its first full year of sales and more than $700 million yearly by 2024.

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06 December 2020

Mesa trying to curb marijuana sites in the city        

By Jim Walsh, Tribune Staff Writer

East Valley Tribune | 2020-12-06

Mesa took the first step toward restricting recreational marijuana sales only a day after Gov. Doug Ducey certified the general election results, which included the overwhelming victory for Proposition 207.

Assistant City Manager John Pombier said Mesa was joining East Valley cities in immediately adopting the series of restrictions, which include limiting recreational marijuana sales to “dual licensed’’ medical marijuana dispensaries...

Mesa Mayor John Giles said he is concerned that it is difficult to know whether Mesa, which already has 13 medical marijuana dispensaries, would get more medical or recreational licenses when the state Department of Health Services addresses the issue next year.

He said he does not want Mesa to “turn into a magnet for these types of businesses,’’ if they are blocked by neighboring East Valley cities.

“Mesa currently is not a marijuana desert. We have 13 medical marijuana dispensaries. That is more than the rest of the East Valley combined,’’ Giles said.

Mesa and other cities have no control over the award of recreational licenses to medical marijuana dispensaries, a procedure provided by the new law . . .

 

08 December 2020

Mesa approves recreational marijuana restrictions             

Jason Sillman  Senior Content Producer

Mesa joins Gilbert and Chandler in creating new regulations due to proposition 207 passing last month,

allowing the sale and use of recreational marijuana in Arizona

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