Home Uncategorized Recreational marijuana sales remain steady as medical sales plummet in Arizona

Recreational marijuana sales remain steady as medical sales plummet in Arizona

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Cannabis sales in Arizona continue to be robust overall, thanks to the continued explosion of recreational sales.

But as adult-use recreational sales are increasing, medical marijuana totals are in a free-fall that began last year.

The Arizona Department of Revenue reports that recreational cannabis sales were almost $75.5 million — which would have been an increase of nearly $3 million over the previous month if not for an $8 million upward revision of March totals.

Given that increase, March’s $80.4 million in sales became the best month since adult-use recreational sales began in January 2021.

On the medical side, sales declined for the sixth consecutive month, dropping to slightly less than $47 million. It is only the second time medical sales have been less than $50 million since recreational sales began.

Total sales for both programs in April were $122.4 million. After the revisions, March’s total sales figure jumped from $121.7 million to $134.3 million, the best month since recreational sales began. The previous high came in April 2021 at $133 million.

The Arizona Department of Health Service, which oversees both marijuana programs in the state, publishes monthly reports on the medical marijuana program that track the number of registered patients and sales of medical cannabis in pounds, ounces and the number of transactions.

[Read more at Arizona Mirror]

The post Recreational marijuana sales remain steady as medical sales plummet in Arizona appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

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