Arkansas is on track to set a new medical cannabis sales record this year.
The state’s dispensaries sold $23.4 million worth of products in October, according to a local KARK report, which also noted that October’s sales numbers lagged behind September’s $23.9 million in sales but fell in line with the state’s usual $23 million-plus in monthly sales.
Arkansas has 90,148 patients enrolled in its medical cannabis program, KARK reported. Patients purchased 4,558 pounds of medical cannabis last month, according to the news outlet.
“Through the first ten months of 2022, patients have spent $228.4 million to obtain 41,188 pounds of medical marijuana,” Scott Hardin, a spokesperson for the Arkansas Department of Finance and Administration, told KARK. “State tax collection on medical marijuana was $2.77 million in October, bringing the total for the year to $26.75 million. Since the state’s medical marijuana industry launched in 2019, the largest year for sales was 2021 at $264.9 million. Sales for 2022 should ultimately reach $275 million if sales remain consistent in November and December.”