Retail sales of cannabis products topped over $1.35 billion in 2021, according to data provided by the Arizona Department of Revenue.
Slightly more than half of those sales were generated from products sold by medical cannabis dispensaries, while nearly $600,000,000 was generated from the newly initiated adult-use market. Adult use sales first began in mid-January. By November, monthly sales of adult-use products exceeded those of medical cannabis.
Total tax revenues from marijuana in 2021 exceeded $200,000 million.
Since the establishment of the first adult-use retail markets in 2014, sales of marijuana products have generated more than $10 billion in new tax revenues, according to a recent analysis published by the Marijuana Policy Project.
Additional information is available from NORML’s fact sheet, “Marijuana Regulation: Impact of Health, Safety, Economy.”