In March, Arizona generated more tax revenue from legal marijuana than from tobacco and alcohol, reported Marijuana Moment. (Article Originally Appeared on: Benzinga)
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 Medical Marijuana purchases.
The state collected $11.9 million in dedicated marijuana excise taxes in March and $94.3 million in fiscal years to date.