Connect with us


Arkansas Medical Marijuana Sales Soar, Poised to Break Records in 2023

July sees $23.2 million in medical cannabis sales, setting pace to surpass last year’s $270 million record.




Arkansas’ medical marijuana sales reached $23.2 million in July, positioning the state to surpass last year’s record sales, as reported by the Department of Finance and Administration. Year-to-date figures for 2023 indicate medical cannabis expenditures by Arkansas patients amounting to $164.6 million, marking a $7.3 million increase from the first seven months of 2022. July’s sales equate to 5,157 pounds of medical marijuana, contributing to the year’s cumulative total of 34,214 pounds.

State Department of Finance spokesperson Scott Hardin suggests that if sales maintain their current pace, the year could end with sales exceeding $280 million. The month of March recorded the highest sales at $25 million, whereas February reported the lowest at $22.4 million, reports KATV. Although tax revenue from medical marijuana sales in 2023 has reached $18.5 million, slightly below the previous year’s $18.7 million, this discrepancy does not necessarily mirror sales performance, according to Hardin.

Top-performing dispensaries include Suite 443 of Hot Springs, selling 551.7 pounds in July, and Natural Relief Dispensary in Sherwood, with 462.1 pounds sold. The growth trend in Arkansas’ medical cannabis market is evident since its legalization through a constitutional amendment in 2016. Active patient cardholders have risen from 88,893 last year to 94,059 currently, indicating sustained market expansion.



Going Global - Pioneering Cannabis Hospitality: A Conversation with Arend Richard

In this enlightening interview, Arend Richard, a seasoned entrepreneur from the cannabis industry, shares his journey from starting a YouTube channel to educate on cannabis use, to co-founding WeedTube, and developing a unique cannabis hospitality business. Born and raised in Colorado, Aaron discusses the evolution of his business ventures and his current project—creating a welcoming, educational environment for both seasoned and first-time cannabis users. He delves into the challenges of establishing a cannabis-friendly social space, including regulatory hurdles and community engagement, and highlights his vision for a new kind of social interaction centered around cannabis.

Promoted Headlines

Most Popular