PIMA COUNTY, Ariz. (KGUN) — Recreational marijuana sales in Arizona reached a record-breaking $1.1 billion in 2023, according to state reports. Pima County, home to over 20 marijuana dispensaries, collected over $4.5 million in tax revenue from these sales.”The (state of Arizona’s) recreational marijuana program is strong,” said Mike Shew, Operations Director for Earth’s Healing, one of the dispensaries in Pima County. That was true for Earth’s Healing as well.”One thing we did see was an increase in patients from the previous years of 2020, 2021, and 2022,” Shew said.The excise tax on recreational sales is 16% in Arizona, and when combined with a 5% state sales tax, Pima County received over $3.5 million in excise tax alone in 2023. The total tax revenue collected by the county from marijuana sales was $4.5 million when factoring in medical sales.Here’s how the tax revenue was allocated: $1 mil …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.
