Arizona is on track to outpace Colorado in marijuana sales. Arizona’s total annual marijuana sales are expected to surpass $1 billion by the end of this year.
Based on monthly sales of $117 million to $123 million over the past three months, the state could surpass $1 billion in total medical and recreational cannabis sales by the end of 2021.
Comparatively, Colorado saw about $684 million in total cannabis sales in 2014, the first year the state legalized the sale of both medical and recreational marijuana.
Arizona has already collected about $75 million in taxes in 2021 from combined medical and recreational cannabis sales (January to May).