Arkansas medical cannabis patients have spent more than $1 billion since the program began in 2019, the state Department of Finance and Administration said this week. At the end of last month, total sales had reached $988.3 million. Based on an estimated $772,000 in sales per day this year, the department said the number has now surpassed $1 billion.
“We’re totally confident we’ve surpassed that,” said department spokesman Scott Hardin. The state’s medical cannabis patients purchased $31.2 million worth of products in 2019, $181.8 in 2020, $264.9 million in 2021 and $276.3 million last year. Patients had purchased $234 million through October of this year, Hardin said.
The state has 38 dispensaries, eight cultivation facilities, and eight processing facilities. Bill Paschall, executive director of the Arkansas Cannabis Industry Association, called the $1 billion mark a significant milestone for the industry.
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