Medical marijuana sales up 4.6% for the year, prices becoming ‘more competitive’

by Michael Tilley (mtilley@talkbusiness.net)

Arkansas’ medical marijuana sales totaled $164.6 million in the first seven months of 2023, up 4.64% compared with the same period in 2022, according to the Arkansas Department of Finance and Administration (DFA). Sales are on track to top the 2022 record of $276.3 million.

Licensed patients spent $23.2 million in July to buy 5,157 pounds of medical marijuana in the state’s 38 licensed dispensaries. The July sales were down compared to $23.3 million in July 2022, but the July 2022 sales were for 4,171 pounds.

According to the DFA report issued Monday (Aug. 28), Suite 443 in Hot Springs had the most sales with 551 pounds. Following are the top five dispensaries for pounds sold in July.
• Suite 443 (Hot Springs): 551.66 pounds
• Natural Relief Dispensary (Sherwood): 462.07 pounds
• High Bank Cannabis (Pine Bluff): 282.59 pounds
• CROP (Jonesboro): 279.69 pounds
• The Releaf Center (Bentonville): 274.22 pounds

https://talkbusiness.net/2023/08/medical-marijuana-sales-up-4-6-for-the-year-prices-becoming-more-competitive/