Arizona’s marijuana market trended downward in the latest numbers released by the Arizona Department of Revenue, as adult-use, recreational sales dipped to $82.9 million, while medical cannabis sales dropped to just $28.3 million — the lowest since recreational sales began in January 2021. The latest ADOR numbers are from May.
Medical sales have declined consistently since reaching a peak of $73.3 million in April 2021. By July of that year, medical cannabis sales dropped below $40 million for the first time. The market has never recovered.
Since September 2022, medical sales have hovered around $30 million. The recreational market has nearly tripled those figures for several months in 2023, and the trend has continued through the most recent report.
Recreational sales were initially estimated at more than $100 million in March, but ADOR revised that total down by about $1 million in May. At the same time, it increased estimated sales in April from $86.5 million to $90.1 million. May’s total was the lowest since September 2022, when ADOR reported sales at $80.9 million.
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