Legalized Arizona recreational cannabis means that any adult over 21 can walk into a dispensary and purchase up to one ounce of Arizona marijuana as long as no more than five grams of that purchase is marijuana concentrate.
Furthermore, any adult above the age of 21 with a clean criminal record can apply for a license allowing them to operate a dispensary within The Grand Canyon State — where they can then sell cannabis flower, extracts, paraphernalia, seedlings and immature plants for recreational purposes. Delivery is currently only available for Arizona medical cannabis, but that could change as soon as January 2023, which would allow further expansion and profit for Arizona dispensaries.
There’s no denying — recreational cannabis is big business in Arizona. While medical marijuana is only subject to state and local taxing, total taxes on recreational marijuana are at about 24% (16% excise tax and the rest in state and local taxes), which has already brought revenue in at more than $310 million for the state this year.