Arkansas medical marijuana sales top $211 million through September

by Talk Business & Politics staff (staff2@talkbusiness.net)

The demand for medical marijuana is not abating. Arkansas’ medical marijuana sales in the first nine months of 2023 totaled $211.3 million, up 3.1% compared with the same period in 2022, according to the Arkansas Department of Finance and Administration (DFA).

With average monthly sales of $23.5 million, sales are on track to top the 2022 record of $276.3 million. According to Thursday’s (Oct. 26) DFA report, August sales totaled $23.3 million and September sales were $23.2 million. The state has collected $23.47 million in tax revenue from medical marijuana in 2023. More than $113 million in tax revenue has been collected since 2019.

“Overall, patients have spent more than $965 million on medical marijuana purchases since the industry launched in May 2019,” said DFA spokesperson Scott Hardin. “This included $31 million in 2019, $182 million in 2020, $265 million in 2021, $276 million in 2022 and $211 million through September this year.”

Arkansas medical marijuana sales top $211 million through September