Two years after Arizona retailers recorded file gross sales of leisure and medical hashish, the retail growth is fading.
Marijuana retailers within the state offered $1,257,437,802 value of merchandise in 2024, an 11.4% drop from $1,419,696,375 in 2023, in line with an MJBizDaily evaluation of information launched by the Arizona Division of Income.
The dip is the second consecutive annual income lower after dispensary operators offered a file $1,428,257,533 of hashish merchandise, the Arizona Mirror reported.
Following a nationwide financial pattern in markets that legalize grownup use, declining gross sales in Arizona’s medical marijuana market drove the losses.
MMJ gross sales in Arizona accounted for $243,866,819 final yr, down a whopping 31.8% from 2023 and almost 53% from 2022.
Comparatively, adult-use gross sales dipped 4.5% year-over-year to $1,013,570,983.
Related gross sales developments are taking part in out throughout the nation.
An MJBizDaily particular report in February, in collaboration with the Marijuana Coverage Venture, highlighted the overall variety of MMJ sufferers on common decreases by roughly a 3rd after a market launches leisure gross sales, shifts that affect enterprise technique, product availability, advertising and marketing and buyer relationships.
In Illinois, slumping medical marijuana gross sales in early 2025 are dragging down total hashish income on the heels of a file yr.
From the start of December 2024 by the tip of February 2025, Illinois marijuana retailers reported $488.7 million in whole gross sales, in line with the latest information out there from the state Hashish Regulation Oversight Workplace.
That’s down from the $501.7 million reported over the identical time-frame a yr in the past – a lower attributable to flagging MMJ gross sales.
