According to new data from the Arizona Department of Revenue (AZDOR), medical and recreational marijuana tax revenue from January through August of 2021 totaled $115,701,426.
For adult-use cannabis sales there is a transaction privilege tax (TPT) rate as well as a 16% excise tax.
“Through August the Department of Revenue has received $25,502,239 in Adult Use TPT, $53,377,725 in Excise Tax, and $36,821,462 in Medical TPT totaling $115,701,426 for calendar year 2021,” AZDOR stated.
Marijuana use, possession, and cultivation officially became legal for adults 21 and older on November 30, 2020 when the Secretary of State certified the Proposition 207 ballots. And on January 22, 2021, state-licensed dispensaries began legally selling marijuana to adults 21 and older.