Cannabis sales soar in Arizona but regulatory hurdles remain - Phoenix Business Journal

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Arizonans are definitely consuming cannabis but the state's climate makes outdoor growing difficult compared to other states. phoenix

By Ryan Knappenberger – Cronkite NewsWASHINGTON – Sales of marijuana in Arizona soared to $1.6 billion in 2021, just one year after recreational pot was legalized in the state, making Arizona second only to California for retail sales that year, according to an industry research group.

Cultivation and production of cannabis as a crop, however, are not about to rival the 5 C’s: cattle, cotton, copper, citrus and climate. “For example, we have 35,000 square feet of indoors cannabis and hemp,” Aveiga said. “In California there are over 4 million square feet, Colorado has over 2 million and Kentucky has around 200,000.Dave DeWalt, the Arizona statistician for the U.S. Department of Agriculture, said in an email that the state had about 129,000 acres of cotton in production in 2021, worth about $156 million, and that cattle brought in $754 million that year.

Smith, of the NCIA, said it’s not just farmers: Businesses trying to sell medical and recreational marijuana face legal hurdles that other businesses don’t.

 

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