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Thousands in tax revenue for Arizona in first weeks of recreational marijuana sales


Recreational marijuana sales bring in hundreds of thousands of dollars in taxes for Arizona
Recreational marijuana has been legally on the market for less than two months statewide, but it is already starting to bring in the big bucks.
Author: Erica Stapleton
Updated: 4:38 AM MST March 16, 2021
PHOENIX Marijuana sales across Arizona have generated more than $2 million in taxes since the start of the new year, data from the Arizona Department of Revenue found. 
Recreational marijuana has been legally on the market for less than two months statewide. Shops were allowed to start selling recreationally on Jan. 22.
AZDOR says from January to mid-February, medical marijuana sales generated $1,339,562. From the start of sales to mid-February, recreational sales brought in $226,355. Add in excise tax and TPT (transaction privilege tax), and the total taxes for the fiscal year so far are more than $2 million. ....

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Rhode Island Explores Pair of Adult-Use Legalization Avenues


Rhode Island Explores Pair of Adult-Use Legalization Avenues
Gov. McKee unveils proposal in state budget; Senate bill aims for detailed licensing, taxing system.
Paul Brady | Adobe StockRhode Island rolled the dice twice last week to double its odds of enacting an adult-use cannabis program by April 2022. A Senate bill and Gov. Dan McKee’s state budget proposal both offer avenues toward legalization on the same timeline.
Senate Majority Leader Michael J. McCaffrey and Democratic colleague Sen. Joshua Miller introduced Senate Bill 568 March 9, which outlined the details of possession, taxing, local participation, home grows, social equity and retail, as well as establishing a five-member Cannabis Control Commission to oversee licensing. ....

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Arizona cannabis company expands cultivation, debuts new retail location


Lilach Mazor Power, owner and founder of Giving Tree Dispensary
Photo: Schultz Digital
Giving Tree Dispensary, an Arizona-licensed, seed to sale cannabis company, announced its move to a new retail location. Jan. 25, the company moved to 701 W. Union Hills Drive in North Phoenix. An official grand opening celebration was held in February.
The launch of the new Giving Tree location follows a milestone election year for the industry with the passage of Prop 207 legalizing recreational marijuana use in Arizona. The state cannabis market is estimated to reach $41.5 billion in 2021, according to research firm New Frontier Data. 
An Arizona dispensary with majority female ownership, Giving Tree says it is transforming the patient experience with its new, open concept retail space. Its former dispensary operation will be converted to expand cultivation and triple manufacturing capacity. ....

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