In Arkansas, medical marijuana sales have reached approximately $143 million since mid-2019.
The Arkansas Department of Finance and Administration (DFA) released its latest revenue report, showing that 22,530 pounds of medical marijuana have been sold since May 2019. This is an increase of roughly 1,766 pounds since the previous report’s release in late August when 20,764 pounds of medical marijuana were reported sold.
Twenty-nine dispensaries currently operate across Arkansas, serving 80,314 Arkansans with patient cards. Since the previous report, there has been a substantial rise in the number of individuals with patient cards. The August report showed 75,899 individuals with patient cards with is an increase of 4,415.
Green Springs Medical of Hot Springs leads the state in volume of medical marijuana sold. With 3,130.16 pounds sold, it is the only dispensary in the state to have sold more than 3,000 pounds to date. The closest dispensary in volume is the Releaf Center of Bentonville, which has sold 2,522.20 pounds of medical marijuana. Besides Green Springs Medical, it is the only dispensary to have topped 2,000 pounds sold so far.
Eleven dispensaries have sold more than 1,000 pounds since opening. This is one more dispensary than the previous month. The new addition is Natural Relief Dispensary of Sherwood.
The other dispensaries include Green Springs Medical of Hot Springs, Releaf Center of Bentonville, Suite 443 of Hot Springs, Hensley Wellness Center of Hensley, Fiddler’s Green of Mountain View, The Source of Bentonville, Acanza of Fayetteville, Harvest of Conway, Purspirit Cannabis of Fayetteville and NEA Full Spectrum of Brookland.
According to the report, there is an average of $600,000 spent at dispensary on a daily basis, equating to $20,689 spent daily at each company on average. This is an increase from the last average given by the DFA, when the department estimated that $590,000 was spent at dispensaries on a daily basis.
All sales figures are through Sept. 9, 2020.