5 U.S. Cities with the Highest Weed Consumption in 2023

In this article, we are going to discuss the 5 U.S. cities with the highest weed consumption in 2023. If you want to check out our detailed analysis of the cannabis industry in the U.S., the issues faced by the American cannabis industry, and cannabis industry consolidation, head to 15 U.S. Cities with the Highest Weed Consumption in 2023. 

5. Phoenix, AZ

Total Weed Consumption: 11.4 metric tons 

Arizona is one of the more progressive states when it comes to cannabis banking. However, It is a restrictive and expensive environment. Once a bank notifies regulators that it is working with cannabis-related businesses, the bank is designated as a CRB. The CRB banks are subject to more oversight by the FDIC. 

To compensate for the additional oversight required, the CRBs can charge significant fees to cannabis businesses for the privilege of having banking services. It is not uncommon for CRBs to charge anywhere from 25 to 100 basis points per deposit of any cannabis money. In 2021, Arizona collected close to $200 million in taxes from cannabis sales. 

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