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Benzinga
Benzinga
Business
Nina Zdinjak

Arizona Residents Love Their Weed: Cannabis Sales Reach $1.4B In 2021

The Grand Canyon State set another marijuana sales record as residents spent more than $1.4 billion on cannabis during the first year after voters approved recreational cannabis in November 2020 when nearly 60% of voters said "yes" to Prop 207, dubbed Smart & Safe. 

Data from the Arizona Department of Revenue showed that the adult-use market has pulled in almost $650 million, even though sales only began on Jan. 22, 2021, reported Arizona Mirror. Medical marijuana, which has been up and running for some 10 years, brought in $752 million in 2021. 

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