Arizona dispensaries said they sold $120M in marijuana in March, but here's why that number is off – The Arizona Republic


Arizona marijuana dispensaries reported selling nearly $120 million worth of products in March, though officials at the Arizona Department of Revenue say the initial tax data are not yet reliable.

The total sales and tax collections are jumbled because some dispensaries are paying multiple months at once while others haven’t properly reported sales, according to the state.That means some dispensaries included more than just March in their March report, while others have yet to report anything for the year.

Because of these inconsistencies, it is unclear how much cannabis the state is selling on a month-to-month basis.

Recreational sales kicked off in late January in Arizona after the passage of Proposition 207 in November. The 124 operating medical marijuana dispensaries in the state are all now licensed to sell marijuana, edible candies and sodas, and concentrates like vape pens to anyone over 21.

The Department of Revenue has been tracking the recreational sales, which use business code “420,” a popular cultural reference to marijuana, to report those sales to the state.

In March, dispensaries sold $48.9 million in recreational marijuana, which was still outpaced by medical marijuana, which racked up total sales of $70.7 million for the month, according to the Department of Revenue.

The March sales brought the state about $7.5 million from the 16% excise tax on recreational marijuana.

The state collected another $10 million from the regular sales taxes on medical and recreational marijuana for the month.

Leave a comment

Your email address will not be published. Required fields are marked *