Arizona’s Medical Marijuana Market Keeps Shrinking, With No End In Sight

The medical marijuana market continued its slow-moving free fall

After a slight uptick in March, the medical marijuana market continued its slow-moving free fall and has dropped to one-quarter of the size of the adult-use market three years after recreational sales began.

Following a third straight year of reaching $1.4 billion in total sales, Arizona’s cannabis markets have fallen into a familiar pattern, leveling out at about $110 million monthly.

From March 2021, when the combined marijuana market reached nearly $134 million in monthly sales, totals have ranged from about $120 million to an apex of $140 million in March 2022. So far in 2024, those numbers have been below $113 million. January and April bottomed out at $104 million, the lowest total since the first full month of legal cannabis sales in February 2021 registered $96 million.

To Read The Rest Of This Article On Marijuana Moment, Click Here

Stay up-to-date!

Get all the news and info straight into your inbox that you need to help grow your business.

Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.


Stay informed with the most up-to-date industry news to help you grow your business: subscribe to our newsletter below!

To Top