In all, the medical and recreational cannabis programs have combined to more than $1.1 billion in sales in the first 10 months of the year.
By Jim Small, Arizona Mirror
Marijuana sales in Arizona hit record highs in October, with nearly $58 million in estimated sales of recreational cannabis for the month, according to state tax officials.
For the month, the Arizona Department of Revenue reported that nearly $4.9 million in sales taxes—known officially as transaction privilege taxes—were collected in October for adult-use recreational marijuana. And when the 16 percent excise tax on cannabis is applied, Arizonans paid another $9.7 million to purchase marijuana, edibles, resins and more.
The previous record for adult-use marijuana sales was in July, when dispensaries sold $54.5 million of cannabis.
Arizona also has a medical marijuana program and collects sales taxes for that, as well—and it remains a larger market than the adult-use program. For October, ADOR officials estimate there were $63 million in medical marijuana sales.
In all, both programs have combined to more than $1.1 billion in cannabis sales in Arizona in the first 10 months of the year; about $641 million in medical marijuana and $466 million in recreational.
That has added more than $175 million in tax revenue to state coffers. Nearly $41 million of that has gone to the state’s general fund, while $23 million has gone to cities where the sales were made. Another $6.6 million has gone directly to fund public schools.