Arizona Collects $6.3 Million In Cannabis Taxes

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Last Updated on by Aardvark

Arizona just released data showing that the state generated more tax revenue from legal cannabis sales than it did from tobacco and alcohol sales.

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According to the Arizona Joint Legislative Budget Committee (JLBC), tax deposits to the state general fund from medical and adult-use cannabis reached about $6.3 million in March, compared to $1.7 million from tobacco and $3.7 million from alcohol sales.

Beyond that $6.3 million in cannabis tax dollars for the general fund, cannabis excise taxes separately exceeded another $11.9 million last month, totaling $18.2 million in cannabis revenue.

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