Arizona’s cannabis industry records second consecutive year of declining sales

Arizona’s cannabis industry records second consecutive year of declining sales

Illustration via Getty ImagesA cratering medical marijuana industry and a softening recreational market dragged total marijuana sales in Arizona down nearly 10% in 2024, breaking a three-year streak of at least $1.4 billion in legal cannabis purchases and marking the second straight year of decline. The $1.3 billion in combined medical and recreational sales represents a nearly 14% drop from 2022, when Arizona consumers spent a record $1.5 billi…

Arizona’s cannabis industry records second consecutive year of declining sales - Rose Law Group Reporter

By Jim Small | AZ Mirror A cratering medical marijuana industry and a softening recreational market dragged total marijuana sales in Arizona down nearly 10% in 2024, breaking a three-year streak of at least $1.4 billion in legal cannabis purchases and marking the second straight year of decline. The $1.3 billion in combined medical and recreational sales represents a nearly 14% drop from 2022, when Arizona consumers spent a record $1.5 billion a…