Arkansas Medical Cannabis Sales Surpass $300M

Arkansas medical cannabis sales have exceeded $300 million in the two years since the program’s launch.

Full story after the jump.

Medical cannabis sales in Arkansas have surpassed $300 million since sales began in mid-2019, representing an average $885,000 in sales per day, according to Arkansas Medical Marijuana Commission figures outlined by KTLO.

In all, 45,286 pounds of medical cannabis has been sold in the state. Last month, dispensaries sold 2,517 pounds of cannabis reaching $18.5 million in sales.

In Arkansas, there are 32 dispensaries serving the states 76,553 active medical cannabis patients. The number of patients represents a 9,915 patient increase from April. Ultimately, the state will allow 33 dispensaries total.

Last year, amid stay-at-home orders in the state brought on by the coronavirus, the state saw a spike in medical cannabis purchases with Arkansas making the maximum 2.5-ounce purchase every two weeks. At that time, just 22 dispensaries were operational. As of May 7, 2020, the state had sold about $73 million worth of medical cannabis, which equates to about 11,000 pounds.

The Releaf Center, located in Bentonville, led all dispensaries in per-pound sales with 4,863 since they opened in August 2019. The next highest volume retailer was Green Springs Medical, in Hot Springs with opened in May 2019, with 4,007 pounds.

The daily average Arkansans are spending on medical cannabis purchases – $885,000 – is an increase of $5,000 compared to figures reported last month.

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