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Recreational marijuana sales bring in hundreds of thousands of dollars in taxes for Arizona
Recreational marijuana has been legally on the market for less than two months statewide, but it is already starting to bring in the big bucks. Author: Erica Stapleton Updated: 4:38 AM MST March 16, 2021
PHOENIX Marijuana sales across Arizona have generated more than $2 million in taxes since the start of the new year, data from the Arizona Department of Revenue found.
Recreational marijuana has been legally on the market for less than two months statewide. Shops were allowed to start selling recreationally on Jan. 22.
AZDOR says from January to mid-February, medical marijuana sales generated $1,339,562. From the start of sales to mid-February, recreational sales brought in $226,355. Add in excise tax and TPT (transaction privilege tax), and the total taxes for the fiscal year so far are more than $2 million.
Massachusetts Dispensaries Sue Regulators Over New Delivery Rules
The businesses argue that the Cannabis Control Commission’s regulations violate state law.
The Commonwealth Dispensary Association filed the lawsuit in Suffolk Superior Court Jan. 13, according to a MassLive.com report. The plaintiffs argue that the regulations, which allow only social equity applicants to receive cannabis delivery licenses for the first three years, violate state law, the news outlet reported.
The CCC approved the regulations in November to create two types of delivery licenses: one that allows companies to purchase product wholesale and to warehouse product for delivery, and one that allows individuals to partner with adult-use dispensaries to deliver product to customers, according to MassLive.com.