by Talk Business & Politics staff (staff2@talkbusiness.net)
More than 40,000 pounds of medical marijuana have been sold in Arkansas since the first dispensary opened in May 2019, according to the Arkansas Medical Marijuana Commission (AMMC). A dispensary in Bentonville has sold the most medical marijuana.
The 42,769 pounds sold is valued at $285 million, according to a press release from Scott Hardin, a spokesman for the Arkansas Department of Finance and Administration, the parent agency of the Arkansas Medical Marijuana Commission. State taxes on the dispensary sales since May 2019 total just under $30 million. Most of the tax revenue is placed in the University of Arkansas for Medical Sciences National Cancer Designation Trust Fund.
The AMMC has issued licenses for 38 dispensaries, with 32 dispensaries in operation and six working toward opening. There are 12 dispensaries that have reached at least 2,000 pounds in sales. The Arkansas Department of Health reports 74,779 active patient cards. Over the last 30 days, patients across the state spent an average of $880,000 each day on medical marijuana purchases, according to the AMMC.
