Arizona's cannabis industry experienced a notable downturn in 2024, with combined medical and recreational marijuana sales declining to just over $1.1 billion, a significant drop from the nearly $1.4 billion recorded in both 2022 and 2023, according to the Arizona Department of Health Services.
Several factors have contributed to this decline. Michael Shew, Operations Director at Earth's Healingdispensary in Tucson, observed consumer behavior shifts and increased market competition.
"Customer behavior is changing," Shew noted, adding, "Within Tucson, we have seen a few dispensaries pop up over the past year."
Additionally, the proliferation of unregulated sales has impacted the legal market.
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