Medical marijuana sales hit $250 million so far in 2021 – Arkansas Times

Imagine if recreational use of marijuana were to be legalized in terms of tax revenue.

This summary from the Department of Finance and Administration on medical marijuana sales:

Advertisement

Medical marijuana sales in Arkansas for 2021 recently surpassed $250 million. A total of $254 million has been spent by patients this year at the state’s 37 dispensaries.

Since the first dispensary opened in mid-2019, patients have spent $486 million to obtain 71,829 pounds of medical marijuana.

More than $54 million in state tax revenue has been collected since the industry launched in mid-2019.

State tax collection from medical marijuana totaled $2.56 million in November. The largest month of state tax collection was May 2021 with $3.28 million.

The Arkansas Department of Health reports 79,167 active patient cards.

Top seller since inception is Releaf of Bentonville with more than 7,400 pounds sold since August 2019.

Advertisement

Here’s the rundown of sales at each dispensary.

Since Suite 443 (Hot Springs) first opened on Friday, May 10, 2019, the company sold 4,861.71 pounds of medical marijuana.

Advertisement

239.77 pounds sold in November

Since Green Springs Medical (Hot Springs) first opened on Sunday, May 12, 2019, the company sold 5,332.48 pounds of medical marijuana.

Read More Here…

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Bud Digest

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top