Where Does Arizona Cannabis Tax Revenue Go?

Arizona has collected $1 Billion in Cannabis Tax Revenue

Where’s it going? Who’s paying? And why do business owners still feel broke?

On July 23, we had one of the nations leading Cannabis CPAs on our radio show Verdant Exchange - Episode 20. As the founder of the national association for cannabis accounting (www.nacatpros.org), Naomi Granger helped break down the customer and retailer tax obstacles in the state of Arizona. Verdant Exchange is filmed live weekly at the Moneyradio Studios in Scottsdale, Arizona, and broadcast on AM/FM stations. We will start replaying some of the segments in Cannabis Cactus Magazine.

Since the legalization of recreational cannabis in Arizona under Prop 207 (Smart & Safe Act), the state has generated over $1 billion in tax revenue. But where does that money go?

Turns out, your purchase at the dispensary does a lot more than just fund your next sesh—it helps fund schools, first responders, highways, and government programs across the state.