Arizona Cannabis Sales Fall for Second Straight Quarter  – Ganjapreneur | How to order Skittles Moonrock online

Cannabis sales in Arizona fell for the second straight quarter, marking the largest year-over-year decrease since voters approved the reforms in 2020, AZ Mirror reports. Combined adult-use and medical-use cannabis sales in the state totaled about $298 million during the second quarter of the year but were down 13.7% over the same three-month period in 2024.

The totals are $30 million less than sales totals during the first quarter of the year – which were down 9.1% from the same period last year.

In June, adult-use cannabis sales topped $71.3 million, which marks a $14 million decrease from totals in June 2024, a downswing that is driving the market’s lull.

So far this year, combined cannabis sales in Arizona are $43 million less than in 2024, or 7.6%, which is in line with the state’s year-over-year decline. In 2022, the first full year of adult-use sales in the state, Arizona retailers sold about $1.426 billion worth of cannabis products. The following year, the total fell to about $1.376 billion, and in 2024, the total fell to about $1.250 billion, according to state data.

Arizona collects a 16% excise tax on adult-use cannabis sales in addition to the standard 5.6% sales tax. Medical cannabis products only carry the sales tax. Local jurisdictions charge an additional 2% or so for all cannabis sales.

One-third of revenue raised by the excise tax is sent to community college and provisional community college districts; 31% to public safety; 25% to the Arizona Highway User Revenue Fund; and 10% to the justice reinvestment fund, which funds public health services, counseling, job training, and other social services for communities that have been adversely affected and disproportionately impacted by cannabis criminalization policies.

TG joined Ganjapreneur in 2014 as a news writer and began hosting the Ganjapreneur podcast in 2016. He is based in upstate New York, where he also teaches media studies at a local university. More by TG Branfalt