May Medical Cannabis Sales in Arkansas Surpass $22 Million

Retailers in Arkansas recorded over $22.4 million in medical cannabis sales for May – an average of about $724,200 spent daily across 38 dispensaries in the state.

 

According to a spokesperson for the Arkansas Department of Finance and Administration (DFA), May sales were lower than April, which brought in $24 million.

 

Patients in Arkansas spend an average of $22.37 million every month to acquire 3,920 pounds of medical cannabis, according to Scott Hardin, a spokesperson for the Arkansas Department of Finance and Administration.

 

Hardin said, “Although sales in May were slightly lower than April, the state surpassed a significant milestone as more than 100,000 pounds of medical marijuana have been sold since the first dispensary opened in May 2019,” Hardin said, adding that patients collectively purchased 3,917 pounds of cannabis in May alone, bringing the total number of pounds purchased since 2019 to 102,710.”

 

The 4/20 holiday was one factor that may have contributed to the medical cannabis sales increase in April.

 

According to an article from Ganjapeneur, “Earlier this month, the campaign seeking to legalize cannabis for adult use in the state submitted 100,000 more signatures than required to put the issue to voters in November. The signatures have yet to be verified by the secretary of state’s office. To get the question on ballots, the campaign needs 89,151 signatures.”

 

The amount of signatures indicates a positive change in public opinion when it comes to cannabis in Arkansas. With a higher demand for medical cannabis and the likelihood of adult-use legalization on the horizon, it seems that dispensaries in the state will continue to see sales growth in the coming months.

 

If the adult-use reforms are approved, Arkansas’ state medical cannabis tax would be eliminated but the same tax rates – a 6.50% sales tax and 4% excise tax – would be applied to adult-use sales.

 

The tax revenue from the sales are used for the state’s general revenues and other budgets such as a stipend for law enforcement and health care research.

 

This list from 5 News Online shows the pounds sold by each dispensary in May, a combined total of 3,917 pounds:

  • Suite 443 (Hot Springs, opened May 10, 2019) sold 262.17 pounds of medical marijuana in May.
  • Green Springs Medical (Hot Springs, opened May 12, 2019) sold 223.66 pounds of medical marijuana in May.
  • Arkansas Natural Products (Clinton, opened June 20, 2019) sold 59.59 pounds of medical marijuana in May.
  • Greenlight Dispensary (Helena, opened June 27, 2019) sold 27.04 pounds of medical marijuana in May.
  • Native Green Hensley (Hensley, opened July 2, 2019) sold 38.90 pounds of medical marijuana in May.
  • Fiddler’s Green (Mountain View, opened July 11, 2019) sold 101.25 pounds of medical marijuana in May.
  • The ReLeaf Center (Bentonville, opened August 7, 2019) sold 314.69 pounds of medical marijuana in May.
  • The Source (Bentonville, opened August 15, 2019) sold 101.36 pounds of medical marijuana in May.
  • Acanza (Fayetteville, opened September 14, 2019) sold 138.36 pounds of medical marijuana in May.
  • Harvest (Conway, opened October 11, 2019) sold 173.90 pounds of medical marijuana in May.
  • Purspirit Cannabis (Fayetteville, opened November 20, 2019) sold 166.41 pounds of medical marijuana in May.
  • NEA Full Spectrum (Brookland, opened December 9, 2019) sold 132.06 pounds of medical marijuana in May.
  • 420 Dispensary (Russellville, opened December 17, 2019) sold 35.79 pounds of medical marijuana in May.
  • Fort Cannabis (Fort Smith, opened December 18, 2019) sold 61.30 pounds of medical marijuana in May.
  • Good Day Farm Texarkana (formerly Red River Remedy, opened January 10, 2020) sold 51.48 pounds of medical marijuana in May.
  • SuperFarm (Texarkana, formerly Bloom Medicinals, opened January 15, 2020) sold 29.63 pounds of medical marijuana in May.
  • Plant Family Therapeutics (Mountain Home, opened February 3, 2020) sold 165.21 pounds of medical marijuana in May.
  • Berner’s by Good Day Farm (Little Rock, opened February 14, 2020) sold 134.63 pounds of medical marijuana in May.  
  • Curaleaf (Little Rock, opened February 26, 2020) sold 63.78 pounds of medical marijuana in May.
  • Custom Cannabis (Alexander, opened March 5, 2020) sold 87.12 pounds of medical marijuana in May.
  • Natural Relief Dispensary (Sherwood, opened March 17, 2020) sold 377.26 pounds of medical marijuana in May.
  • Body and Mind Dispensary (West Memphis, opened April 27, 2020) sold 83.40 pounds of medical marijuana in May.
  • Delta Cannabis (West Memphis, opened July 1, 2020) sold 86.10 pounds of medical marijuana in May.
  • Greenlight Monticello (Monticello, opened July 4, 2020) sold 30.84 pounds of medical marijuana in May.
  • Enlightened Cannabis for People (Arkadelphia, opened July 16, 2020) sold 23.56 pounds of medical marijuana in May.
  • Enlightened Cannabis for People (Heber Springs, opened July 17, 2020) sold 53.54 pounds of medical marijuana in May.
  • Enlightened Cannabis for People (Morrilton, opened August 3, 2020) sold 42.73 pounds of medical marijuana in May.
  • Enlightened Cannabis for People (Clarksville, opened August 7, 2020) 48.08 pounds of medical marijuana in May.
  • Greenlight West Memphis (West Memphis, opened August 26, 2020) sold 41.85 pounds of medical marijuana in May.
  • High Bank Cannabis (Pine Bluff, opened October 9, 2021) sold 103.83 pounds of medical marijuana in May.
  • Zen Leaf (El Dorado, opened October 22, 2020) sold 45.78 pounds of medical marijuana in May.
  • Spring River Dispensary (Hardy, opened January 7, 2021) sold 100.38 pounds of medical marijuana in May.
  • Native Green Little Rock (Little Rock, opened May, 6, 2021) sold 51.26 pounds of medical marijuana in May.
  • Hash Co. (Pine Bluff, opened June 18, 2021) sold 9.36 pounds of medical marijuana in May.
  • Osage Creek Dispensary (Fayetteville, opened June 18, 2021) sold 71.97 pounds of medical marijuana in May.  
  • The Treatment Cannabis Dispensary (Pine Bluff, opened July 1, 2021) sold 42.77 pounds of medical marijuana in May. 
  • CROP (Jonesboro, opened September 21, 2021) sold 265.56 pounds of medical marijuana in May.  
  • Good Day Farm Van Buren (opened March 7, 2022) sold 70.83 pounds of medical marijuana in May. 

 

Follow NECANN on Instagram and subscribe here to get all the latest cannabis news.