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How A lot Weed Was Bought In Prime-Promoting Hashish States? Arizona & Michigan Smash Data Once more

By Jelena Martinovic

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.

Arizona Cities Ban Recreational Marijuana Establishments
Photograph by RoschetzkyIstockPhoto/Getty Photos

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.

RELATED: Extra Pink States Are Going Wild For Weed

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%.

RELATED: Right here’s How A lot Tax Income Has Been Collected From Authorized Marijuana Gross sales In America

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.

This text initially appeared on Benzinga and has been reposted with permission.

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