Arizona Marijuana Tax Revenue Passes $1 Billion Following $23 Million Garnered in November
- Arizona Department of Revenue reported $23.7 million in tax revenue for November, with $14,557,014 from recreational marijuana excise tax, $7,684,178 from adult-use tax, and $1,514,285 from medical marijuana tax revenue.
- This marked the 36th consecutive month of marijuana tax revenue exceeding $20 million in Arizona.
- Arizona voters approved recreational marijuana legalization in November 2020, leading to the implementation of various programs funded by the tax revenue generated.
- The state's marijuana industry has made significant advancements, including the availability of legal marijuana delivery services for adult-use consumers statewide, further contributing to the state's economy and public programs.
According to the Arizona Department of Revenue, the $23.7 million in tax revenue for November included $14,557,014 from the state’s 16% recreational marijuana excise tax, $7,684,178 from the 5.6% adult-use tax, and $1,514,285 from medical marijuana tax revenue. November marked the 36th consecutive month of marijuana tax revenue exceeding $20 million.
Arizona voters approved recreational marijuana legalization in November 2020, allowing adults 21 and older to purchase up to one ounce of marijuana and up to five grams of concentrates from licensed dispensaries. Since legalization, the tax revenue has been used to benefit various programs:
This milestone coincides with notable advancements in Arizona’s marijuana industry. In November, legal marijuana delivery services became available to adult-use consumers statewide. Previously, such services were limited to medical marijuana patients, now extending access to recreational users.
Arizona’s marijuana industry continues to demonstrate its impact on the state’s economy and public programs, with its tax revenue surpassing $1 billion in just three years.