Arkansas medical marijuana sales up 5.2% through June

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

Arkansas medical marijuana patients have spent $141 million on purchases in the first half of 2023, up 5.2% compared with $134 million in the same period of 2022, according to figures from the Arkansas Department of Finance and Administration (DFA).

There were 29,057 pounds purchased in the first six months of 2023, up 26% compared with the same period in 2022. Medical marijuana purchases generated $16 million in tax revenue in the first six months of 2023. Since the first dispensary opened in mid-2019, $105 million in state tax revenue has been collected, according to DFA data.

“Since the first dispensary opened for business in 2019, approximately $900 million has been spent on medical marijuana purchases in Arkansas,” DFA Spokesperson Scott Hardin said in a statement. “With a sales average of $23.5 million monthly, we should surpass $1 billion in overall sales toward the end of this year. Patients are spending an average of $785,000 a day at the state’s 38 dispensaries.”

https://talkbusiness.net/2023/07/arkansas-medical-marijuana-sales-up-5-2-through-june/