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An analysis by Phoenix New Times shows how Big Pot stands to win big from a program ostensibly meant to benefit disadvantaged entrepreneurs.
Saturday marked the one year anniversary of the first legal sale of recreational cannabis in Arizona, and the industry brought in millions of dollars in of revenue for the state. Dmitri Downing is the founder of the Arizona Marijuana Industry Trade Association. He says Arizona’s revenue totals match up with first-year sales for other states with legalized recreational cannabis.
Saturday marks the one year anniversary of the first legal sale of recreational cannabis in Arizona, and the industry brought in millions of dollars in of revenue for the state. Dmitri Downing is the founder of the Arizona Marijuana Industry Trade Association. He says Arizona’s revenue totals match up with first-year sales for other states with legalized recreational cannabis.
A year after Proposition 207 took effect, recreational marijuana use has fueled growth in the Arizona cannabis industry. The Arizona Department of Revenue estimates taxable recreational marijuana sales totaled more than $528 million in 2021.
Brad Kotansky, CFO at Copperstate Farms, will serve a two-year term on the ADA board and represent the local cannabis business community...