Tag: arizona
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Arizona Recreational Cannabis Market Now Nearly Four Times The Size Of The Medical Market
Registered medical cannabis patient numbers and medical sales totals decreasing alongside rising adult-use sales is a common trend in states that first legalized medical cannabis commerce and then legalized recreational cannabis commerce. A recent example can be found in Arizona. “After the medical side recorded consecutive lows in December 2023 and January 2024 at $25.4…
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How Many Social Equity Cannabis Business Licenses Has Arizona Issued?
On November 2, 2010, Arizona voters approved the state’s medical cannabis initiative (Proposition 203) with 50.13% of the vote. The Arizona Department of Health Services finalized medical cannabis dispensary and registry identification card regulations on March 28, 2011, with the first legal medical cannabis purchase being made on December 6, 2012. In 2020, 60% of Arizona voters…
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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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Legal Cannabis Sales In Arizona Topped $1.4 Billion In 2023
Legal cannabis sales in Arizona totaled more than $1.4 billion in 2023, marking the third consecutive year that the state surpassed the $1.4 billion sales total. Arizona’s legal cannabis market continues to transition more toward recreational cannabis sales and less medical cannabis sales. On November 2, 2010, Arizona voters approved the state’s medical cannabis initiative…
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What Are The Best And Worst U.S. Cities For Cannabis Businesses And Consumers?
Colorado and Washington State made history in 2012 when their voters became the first in the United States to ever pass a statewide adult-use legalization measure. Since that time, 22 other states and the District of Columbia have also passed adult-use cannabis legalization measures, many of them permitting legal recreational cannabis commerce. Cannabis remains illegal…