US (AR): MMJ sales top $6M

Arkansas medical cannabis sales have eclipsed $6.04 million, the state reported last week, three months after the drug debuted in the Natural State.

In total, more than 800 pounds of cannabis has been legally sold by Arkansas' eight operating dispensaries since the first retailer opened in early May, according to the Arkansas Alcoholic Beverage Control Division. The agency regulates the medical cannabis program.

Arkansas' sales figures have continued to outpace even larger states when their medical cannabis programs were starting.

In July, the state collected $91,213 from the special 4% privilege tax levied on medical cannabis transactions and $77,358 from regular sales tax on the drug, according to the state Department of Finance and Administration.

While the program has taken off, only one-fourth of the state's licensed dispensaries have opened in the six months since the permits were issued.

Read more at arkansasonline.com


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