Arizona has seen significant changes since the legalization of recreational marijuana, including increased tax revenue. Last year, the state brought in over $200 million in taxes from the over $1 billion in sales of recreational weed. The tax rate for recreational purchases is 16%.
It’s been over three years since recreational marijuana was legalized in Arizona . In that time, much has changed: There are more dispensaries and products for consumers to choose from and customers don't need a medical recommendation to purchase their pot. Oh, and the state is raking in the tax money. On the over $1 billion in sales of recreational weed last year, Arizona brought in over $200 million in taxes.
“Honestly, we think it’s an outstanding year, especially when we look at the benefits to the communities,” said Nico Ramon Nieves-Quiroz, communications director for Southern Arizona NORML, a cannabis consumer advocacy group."Especially at the rate we tax cannabis, a good portion will go to the necessary areas." KGUN 9 took a look at how taxes on recreational weed work in Arizona, and found that each recreational purchase made is subject to a 16% excise tax. In other words, a purchase of $100 carries a tax of $1
Arizona Recreational Marijuana Tax Revenue Sales Dispensaries Tax Rate
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