Arizona continues to smash hashish gross sales information, with yet one more milestone of over $1.23 billion of marijuana merchandise bought in the course of the first 11 months of 2021, Arizona Mirror writes.
After hovering to document highs in October to just about $58 million, adult-use leisure hashish gross sales hit a brand new peak in November by surpassing $60 million for the primary time. On the medical aspect, after reaching $73 million in March and April, gross sales fluctuated all year long.
In October, estimated hashish gross sales for each packages had been inside $7 million of one another, representing the primary time leisure gross sales got here so near medical gross sales. With the state gathering a 16% excise tax on leisure gross sales along with the usual gross sales tax, hashish gross sales offered a strong tax contribution within the earlier yr.
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In November, taxes for leisure marijuana gross sales totaled round $5.05 million, barely above medical hashish tax, which amounted to $5.03 million.
Arizona voters authorized the usage of leisure hashish in November 2020. In keeping with the New York Occasions and The Related Press, 59.9% of voters within the Grand Canyon State voted “sure” for Proposition 207, dubbed Sensible & Protected.
Michigan Hashish Gross sales Nonetheless Booming
Within the meantime, Benzinga’s house state of Michigan ended 2021 with a powerful December by way of hashish gross sales, which elevated by 66% year-over-year to $168 million.
Medical hashish gross sales fell 17% from a yr in the past, to $32.9 million, based on Michigan Marijuana Regulatory Company’s information. Grownup-use gross sales, in the meantime, elevated by 119% over the identical interval to a document $135 million, representing a sequential enchancment of 12%.
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Flower and trim gross sales represented 56% of the general market, according to the prior two months however decrease than the 57% within the third quarter and 58% within the second quarter.
As well as, flower pricing for adult-use hashish noticed a dramatic decline of 47% year-over-year and three% from November to $2,958 per pound.
In 2021, year-to-date mixed gross sales had been up 82%, reaching $1.79 billion.