LITTLE ROCK (KATV) — Medical marijuana purchases in the natural state have equaled out to $44.8 million in February and March.
Purchases by patients equated to $22.1 million in February, which totals out to 5,612 pounds. In the next month, patients spent $22.7 million in 6,069 pounds according to ABC.
The total up to March is $68 million and 17,240 pounds. Suite 443 out of Hot Springs led in sales throughout February and March with 1,080 pounds, followed by Natural Relief Dispensary out of Sherwood with 1,067 pounds.
$4.78 million in tax revenue has been accumulated by the state from medical marijuana in February and March. Revenue from the 6.5% state sales tax and the 4.0% privilege tax is represented in the total.
As of now, $7.37 million has been collected in 2024. In state tax revenue, over $127 million has been made since the industry opened.
“The state’s medical marijuana industry will soon reach five years in operation as the first dispensary opened in May 2019,” said Scott Hardin, spokesperson for the Department of Finance and Administration. “Overall, more than $1.10 billion has been spent that time across the state’s 38 dispensaries. The Arkansas Department of Health reports more than 102,000 active patient cards.”
Medical marijuana purchases in the natural state have equaled out to $44.8 million in February and March. Read More