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US (AR): MMJ sales down despite increase in pounds sold

Arkansas' medical marijuana sales in 2024 were down more than 2% compared to record sales in 2023, but the pounds sold were up more than 20%, according to figures posted Wednesday (Feb. 5) by the Arkansas Department Finance and Administration (DFA).

The state had $275.9 million in medical marijuana sales in 2024, down 2.5% compared with 2023, according to the DFA. The 2024 numbers were up 51.7% compared with 2010, which was the first full year of medical marijuana sales in the state.

Pounds sold by the state's 37 licensed dispensaries in 2024 reached 75,598, up 21.5% compared with 62,227 pounds in 2023, the DFA reported.

"Overall, more than $1.3 billion has been spent at the state's dispensaries since the industry launched in 2019," said DFA spokesman Scott Hardin. "Patients are spending an average of $756,000 a day across the state's 37 dispensaries, and we expect that will continue throughout 2025. State tax revenue from medical marijuana has surpassed $30 million for the past three years."

Read more at Talk Business