It looks like recreational marijuana use is big bucks for Arizona. Medical marijuana usage plummeted as recreational use soars to a new high. According to... Recreational marijuana sales soar over medical marijuana in Arizona

It looks like recreational marijuana use is big bucks for Arizona. Medical marijuana usage plummeted as recreational use soars to a new high.

According to the Arizona Department of Revenue (ADOR), adult-use (recreational) marijuana sales rose over $58.2 million in June. Medical marijuana usage sales sank to an all-time low at $33.7 million.

In May, the ADOR states revenue sales for recreational use at $71.5 million, with medical use seeing $45 million revenue.

This is the seventh time recreational marijuana sales surpassed medical marijuana use in monthly sales since December 2021. April 2022 saw the highest earned adult-use sales, $72 million, ABOR reported, and medical marijuana sold $50.3 million.

From December 2021 to June, recreational marijuana sales rose to over $70 million for the fifth time.

Overall total from January 2021 to June 2022, recreational marijuana revenue is at more than $1 billion, according to ABOR.

Medical marijuana total amount in pounds sold plummeted from a total of 9,274.29 pounds in January to 6,632.09 pounds in July, according to the Arizona Department of Health Services (ADHS).

[Read more at Tuscan Weekly]

MJ Shareholders avatar

MJ Shareholders

MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers

No comments so far.

Be first to leave comment below.

( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )