MIKE MADRIAGA MAY 10, 2022 7:28AM
Last year, Arizonans spent more money in sales tax on pot than booze, a new study shows.
In 2021, adult-use cannabis excise taxes in Arizona reeled in $105 million, surpassing alcohol excise taxes of $92 million, according to an Institute of Taxation and Economic Policy (ITEP) report. ITEP, a nonpartisan and nonprofit tax policy organization, added that since recreational cannabis legalization in certain states, such as Arizona in November 2020, “revenue has tended to start low but grow quickly as legal businesses ramp up production and sales.”