Adult-use states as a whole collected around $3 billion in cannabis excise taxes last year, exceeding the $2.5 billion those same states made in alcohol taxes.
Arizona's legal weed industry is only a little more than a year old, but it's already drawing in three times as much tax revenue as the state's liquor and tobacco industries combined.
The Grand Canyon state collected $18.2 million in legal weed taxes this March, according to a new monthly report by the Arizona Joint Legislative Budget Committee. This revenue combines $11.9 million in pot excise taxes, $3.4 million in adult-use “Transaction Privilege” taxes, and another $2.9 million in medical pot taxes. So far this year, the state has already collected $149.7 million in cannabis taxes.
March's weed tax haul is more than triple the $5.4 million in booze and cigarette taxes Arizona collected that same month. The budget committee reports that the state collected $3.7 million in liquor taxes last month, and $31.6 million so far this year. Tobacco taxes came in at $1.7 million in March and $15.4 million year-to-date. Again, these year-to-date totals combined are less than a third of the state's 2022 weed tax revenue.
And now we know the real reason they want to ban Delta 8...
