Arizona Economic Implications of Pro-Hemp Regulation

Summary: Arizona

  • The total potential market for hemp-derived cannabinoids is estimated $699 million market, employing an estimated 8,091 jobs, paying $325 million in wages, and generating up to $39.1 million in sales taxes

  • Arizona is part of a $28.4 billion U.S. hemp derived cannabinoid market. (Note: this estimate does not include retail sales at grocery stores, gas stations or at on-line retailers)

Laura Franklin