The move of cash dropping rain from hashish income abated barely withinside the first month of 2022, with leisure and scientific income losing to a combined $a hundred and fifteen million.
It changed into the bottom general income sales for the enterprise given that February 2021 — the primary complete month of income given that Arizona citizens legalized marijuana for leisure use in November 2020 — while Arizonans bought $ninety four million of hashish. At the time, few dispensaries withinside the kingdom had began leisure income.
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Arizonans bought $sixty three.eight million of leisure marijuana merchandise in January, and another $51.three million in scientific hashish. Sales for the month have been about $five million much less than in December.
Arizona Dispensary Association director Sam Richard stated report enterprise in December might also additionally have extra to do with the drop than slow income.
On the adult-use side, income hit the $sixty three million mark in October 2021 and elevated to $69.four million through December.
Tax bucks hold to roll in, in spite of the monthly dip in income, with nearly $21.five million in sales amassed from an excise tax on leisure hashish and income taxes on each programs. Sales tax sales for the month changed into barely extra than $10 million, at the same time as the excise tax at the leisure software totaled extra than $eleven million.
Of that general, about $four.five million went into the kingdom's popular fund; $725,134 to education; $979,172 to county sales sharing; and $604,278 to cities.
City tax collections for the kingdom protected nearly $2.five million statewide, at the same time as counties amassed a complete of $854,202.
The kingdom collects a sixteen percentage excise tax on leisure income further to the same old income tax. Medical marijuana sufferers pay simply the income tax. Local jurisdictions rate a further 2 percentage or so for all marijuana income