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US (AZ): MMJ sales decline as adult-use bounces back

Medical cannabis sales dropped by about $4 million from January to February this year, while adult-use recreational gained a little more than $1 million, as sales statewide continue to lag behind a robust end-of-year surge in recreational sales in 2021.

Overall, sales for both programs totaled $121.2 million for the month of February. While medical cannabis continues its multi-month decline since last October, recreational sales continue to hover just shy of the record $70 million attained in December 2021.

Recreational sales weighed in at $68.7 million in February, a slight increase from the $67.6 million sold in January. Meanwhile, medical sales continued to fall, with a $52.5 million total in February. That was the lowest monthly total for medical cannabis since recreational sales began in January 2021, when medical dropped to just $42 million in sales.

Medical cannabis sales in 2021 peaked in April, topping out at $73.8 million. Adult-use recreational sales started 2021 slow, but picked up speed in the spring, as more dispensaries opened. Through the summer, sales hovered around $60 million per month, before climbing in the fall and winter. 

Read more at tucsonsentinel.com


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