Arkansas Medical Cannabis Sales Hit $447 Million
Medical cannabis sales in Arkansas have reached $447 million since the state’s first dispensary opened in May 2019, according to a KUAR report.
Arkansas’ retailers have sold 66,994 total pounds of medical cannabis since sales launched, the news outlet reported, generating just under $45 million in tax revenue for the state. Most of the tax revenue is earmarked for the University of Arkansas for Medical Sciences National Cancer Designation Trust Fund, according to KUAR.
Data from the Arkansas Department of Finance revealed that the state’s 37 operating dispensaries sold 3,527 pounds of medical cannabis in October.
Voters approved medical cannabis legalization in 2016 and there are currently 78,585 registered medical cannabis patients in the state, KUAR reported.