Arizona voters approved recreational marijuana in 2020 with the passage of Proposition 207, also known as the “Smart and Safe Arizona Act.” The medical marijuana market began in 2012, following the passage of the Arizona Medical Marijuana Law in 2010.
How Are Arizona's Cannabis Sales Doing?
According to the Arizona Department of Revenue (ADOR), adult-use cannabis sales reached a new high in October 2022, with more than $85.4 million in estimated sales, $5 million above the $80.4 million from September sales. Additionally, August sales came in at just under $78 million.
Overall, recreational sales have rebounded from a low of $68.5 …