Medical marijuana sales set new record in 20023 – Deltaplex NewsPosted by On


LITTLE ROCK — Arkansas’ medical marijuana industry is continuing to reach new highs in the state as sales reached a record-breaking $283 million last year.

According to the Department of Finance and Administration, the industry beat the record revenue of $276 million it saw in 2022.

The millions of dollars in sales this year were brought in with distribution of 62,227 pounds purchased from the state’s 38 dispensaries, the department said.

Of the dispensaries, Suite 443 in Hot Springs sold the most marijuana in 2023 with 6,279 pounds

“In late 2023, Arkansas’ medical marijuana industry surpassed $1 billion in total sales since the first dispensary opened for business,” said department spokesperson Scott Hardin. “From $31 million in sales in 2019 to $283 million in 2023, the industry has grown each year. The $25.6 million spent in December was the largest monthly amount in 2023.”

Hardin said more than $120 million in sales tax has been generated since the industry began four years ago.

The DFA reported that the state added 7,519 new medical marijuana patients last year, bringing the total of active patient cards to 97,374.

 

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