Arizona Collects More Cannabis Than Liquor Taxes, Poll Finds One-Third Americans Prefer Weed Over Booze

In March, Arizona generated more tax revenue from legal marijuana than from tobacco and alcohol, reported Marijuana Moment. The state receives Marijuana Tax revenues from three different sources: 1) the 16% Recreational Marijuana Excise Tax; 2) Sales Tax applied to Recreational Marijuana purchases; and 3) Sales Tax applied to purchases.

The state collected $11.9 million in dedicated marijuana excise taxes in March and $94.3 million in fiscal years to date.

The combined General Fund share of medical and recreational cannabis was $6.3 million in March and …

Full story available on Benzinga.com

More Arizona Collects More Cannabis Than Liquor Taxes, Poll Finds One-Third Americans Prefer Weed Over Booze