US: Medical cannabis sales up 7.1% in the first quarter

Medical cannabis sales in Arkansas during the first quarter of the year totaled $70.5 million, up 7.14% compared with sales in the same quarter of 2022, according to the Arkansas Department of Finance and Administration (DFA).

There were 13,804 pounds sold in the first quarter, up 19.5% compared with the 11,555 pounds sold in the same period of 2022. Patients spent a record $24.992 million in March to purchase 4,972 pounds of medical cannabis, according to the DFA report.

The Arkansas Department of Health reports 93,977 active patient cards as of April 21, up from 89,855 at the end of 2022.

“With $25 million in purchases, March was the largest month for sales since the industry launched in mid-2019,” said DFA spokesperson Scott Hardin. “State tax collection on medical cannabis totaled $2.48 million in March, bringing the overall total to $97.2 million.”

Following are the top five dispensaries in terms of pounds sold in March:

  • Natural Relief Dispensary (Sherwood): 520.01 pounds
  • Suite 443 (Hot Springs): 504.32 pounds
  • CROP (Jonesboro): 280.34 pounds
  • The Relief Center (Bentonville): 260.04 pounds
  • Purspirit Cannabis (Fayetteville): 247.18 pounds

Read the entire article at Talk Business 

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.