Arizona’s marijuana industry generated over $26 million in tax revenue in January.
There was $26,010,976 in tax revenue generated from licensed marijuana sales in January, according to the Arizona Department of Revenue. This is a notable increase over the $23.3 million garnered in December and the $23.7 million in November. January’s taxes brings the all-time total to $1,066,837,757.
In January, $16,770,312 of the taxes made came from the state’s 16% recreational marijuana excise tax, $7,696,300 from the 5.6% adult-use tax, and $1,533,049 from medical marijuana tax revenue. January marked the 38th consecutive month of marijuana tax revenue exceeding $20 million.
Continue reading