Arizona garnered just shy of $24 million in tax revenue in June from legal marijuana sales.
According to data released by state officials, Arizona made $23,874,588 in tax revenue from the distribution of marijuana via licensed retail outlets. This is a considerable decrease from the $28.4 million made in May, but roughly on par with the $24.8 million and $23.4 million made in April and March, respectively. In February marijuana tax revenue was $23.2 million, with the state bringing in $25.1 million in January.
The year-to-date revenue from marijuana sales is now around $149 million. The total since the start of legal marijuana sales in February, 2021 is $613.5 million.
Marijuana was legalized in Arizona in 2020 via the initiative process. Licensed marijuana retail outlets opened their doors to everyone 21 and older the following year.
The law allows those 21 and up to purchase and possess up to an ounce of marijuana, and up to five grams of marijuana concentrates such as hash and oil. The personal cultivation of up to six plants per person and up to 12 per household is also allowed.
Both medical marijuana and recreational marijuana receive a transaction privilege tax of 5.6%, with the latter also receiving an excise tax of 16%.
More detailed marijuana sales and tax information can be found on the website for the Arizona Department of Revenue by clicking here.
