Arizona marijuana sales generated nearly $150 million in tax revenue between January and June of this year.
Licensed marijuana sales resulted in $23,640,670 in taxes in June, bringing the year-to-date total to $145,971,892.
The all-time total marijuana tax revenue since the start of legal marijuana sales in 2021 is now $903,443,181, putting it on track to cross the $1 billion mark later this year.
Marijuana taxes for June were slightly less than the total for May, which was $24.4 million. The all-time high came in May 2023, with $28.4 million in taxes collected.
Recreational consumers accounted for nearly 80% of the total marijuana sales in 2024.
In Arizona, marijuana was legalized in 2020 through a citizen’s initiative. The law permits individuals aged 21 and older to purchase and possess up to an ounce of marijuana and up to five grams of marijuana concentrates. The state imposes a transaction privilege tax of 5.6% on both medical and recreational marijuana, with an additional excise tax of 16% on recreational sales.
Marijuana tax revenue is distributed as follows:
- 33% – Community College Districts.
- 31.4% – Local Law Enforcement and Fire Departments.
- 25.4% – Arizona Highway User Revenue Fund.
- 10% – Justice Reinvestment Fund (for public safety, public health, and drug treatment programs).
- 0.2% – Attorney General for enforcement costs.
For more detailed information on marijuana sales and tax revenue in Arizona, click here.
More articles from The Marijuana Herald:
