It’s been one year since the first legal sale of recreational marijuana began in Arizona. And state officials are reporting that total gross sales have surpassed more than a billion dollars.
“Rarely does an industry produce over $1.2 billion in revenue in its first year. This number shows that the legalization of cannabis is something Arizonans believe strongly in and the many benefits it contributes to the state’s economy,” said Samuel Richard, the Executive Director of the Arizona Dispensaries Association (ADA).
The association says that the tax revenue generated has exceeded $190 million before including December’s sales. The ADA says that means the State of Arizona is on track to receive $215 million in tax revenue for 2021.
– Read the entire article at Azfamily News.
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