Medical Cannabis Sales in Arkansas on Track to Set New Record This Year

Arkansas medical cannabis sales have totaled $211.3 million so far this year, with the state having collected $23.5 million in cannabis tax revenue, according to state data.

Full story after the jump.

Medical cannabis sales in Arkansas have totaled $211.3 million this year, according to Department of Finance and Administration (DFA) data outlined by the Arkansas Democrat-Gazette. The state has collected $23.5 million in tax revenue from medical cannabis sales so far this year and $113 million since the state’s first dispensaries opened in 2019.

According to DFA data, Arkansas dispensaries have sold 44,949 pounds of cannabis this year.

In a statement, Scott Hardin, a DFA spokesperson, said that since medical cannabis sales launched in the state in May 2019, patients have spent more than $965 million.

“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. With monthly sales averaging $23.4 million, we remain on track to set a new sales record this year.” — Hardin, in a statement, via the Democrat-Chronicle

According to state data, there are currently 96,056 active medical cannabis ID cards issued in Arkansas. In January, the state counted 99,955 active ID cards.

In August, DFA said that the average price per pound of medical cannabis was $4,545 – a marked decrease from the $6,565 average price per pound in 2021.

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