Cannabis Revenue in a Red State

What’s happening? Arizona has legalized cannabis. The tax revenue for August 2021 is  $20 million in medical and adult-use marijuana.

Why is this important? This follows trends in other states like Maine where tax revenue from recreational cannabis is breaking records.

How will this be important? The revenue seems to fair well during the pandemic as California’s 2020-2021 tax revenue from cannabis totaled $817 million.

Marijuna Moment | Arizona Marijuana Tax Revenue Exceeds $20 Million In August, State Reports