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Market types: Recreational/Medical
Arizona legalized medical cannabis in 2010 and swiftly added recreational use via Proposition 207 in November 2020, with adult-use sales beginning January 2021—the fastest rollout in U.S. history. The state's cannabis industry is a sizable and mature billion‑dollar market led by adult-use sales, generating substantial tax revenue while grappling with oversaturation, pricing pressures, and a shrinking medical sector.
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