Arkansas’ medical marijuana sales bring in millions

(The Center Square) – Arkansas’ medical marijuana sales brought in $23.5 million in tax revenue this year, according to information from the Arkansas Department of Finance and Administration.

Patients purchased $211.3 million of medical marijuana during the first nine months of 2023, up from $205 million during the same time period in 2022, according to the DFA.

More than 44,000 pounds were sold this year. The state’s dispensaries sold 5,227 pounds in August and 5,538 in September, according to statistics.

“Overall, patients have spent more than $965 million on medical marijuana purchases since the industry launched in May 2019,” said DFA spokesperson Scott Hardin. “This included $31 million in 2019, $182 million in 2020, $265 million in 2021, $276 million in 2022 and $211 million through September this year. With monthly sales averaging $23.4 million, we remain on track to set a new sales record this year.”

The state has collected more than $113 million in tax revenue since 2019, according to the DFA.

- Advertisement -

The number of patients receiving medical marijuana cards also increased from 89,855 to 96,056 currently. Patients and caregivers pay a $50 application fee to receive a card. Caregivers pay an additional $37 for a background check, according to the Arkansas Department of Health.

Suite 443 in Hot Springs sold more than 1,100 pounds in August and September, the most of any dispensary in Arkansas.

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Man pleads guilty to $1.5 million in SNAP fraud

(The Center Square) – An Illinois man pleaded guilty...

Illinois lawmakers zoom in on budget ahead of governor’s address

(The Center Square) – Illinois lawmakers have differing budget...

Inflation hits Illinois consumers hard, especially in Chicago area

(The Center Square) – According to a new report,...

Chicago pays millions in 2024 to settle police misconduct suits

(The Center Square) – American Civil Liberties Union Policy...

Trump gains more ground in war against DEI

A major shift is underway in the way large...

Washington RUC bill receives deluge of opposition

(The Center Square) – A Washington state bill that...

Illinois county employees urged to speak out ahead of ethics hearing

(The Center Square) – A former McLean County Board...

More like this
Related

Man pleads guilty to $1.5 million in SNAP fraud

(The Center Square) – An Illinois man pleaded guilty...

Illinois lawmakers zoom in on budget ahead of governor’s address

(The Center Square) – Illinois lawmakers have differing budget...

Inflation hits Illinois consumers hard, especially in Chicago area

(The Center Square) – According to a new report,...

Shenandoah University to offer info on ‘aromantic’ awareness following Valentine’s Day

(The Center Square) – Shenandoah University is to hold...