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Medical marijuana spending in Arkansas to decline in 2024

Medical marijuana spending in Arkansas to decline in 2024

LITTLE ROCK, Arkansas (KAIT) – Medical marijuana spending in Arkansas is down slightly so far in 2024.

According to data released Friday, August 23 by the Arkansas Department of Finance and Administration, the state’s 37 dispensaries spent a total of $22.9 million to purchase 6,467 pounds of the product in July.

This would bring total revenue for 2024 to $158.5 million and £42,602. Revenue for the same period in 2023 (January to July) was $164.6 million.

“Since the first dispensary opened in 2019, Arkansas residents have spent approximately $1.2 billion purchasing medical marijuana,” said DFA spokesman Scott Hardin. “Although overall spending has declined since last year, we continue to see an increase in pounds sold, indicating lower prices.”

Below are July 2024 medical marijuana sales for Northeast Arkansas dispensaries:

  • NEA Full Spectrum (Brookland, opened December 9, 2019) – 184.85 pounds
  • Spring River Dispensary (Hardy, opened January 7, 2021) -112.74 pounds
  • CROP (Jonesboro, opens September 21, 2021) – £366.70
  • Plant Family Therapeutics (Mountain Home, opened February 3, 2020) -193.33 pounds
  • Comprehensive Care Group (West Memphis, opened April 27, 2020) – 70.01 pounds
  • Delta Cannabis (West Memphis, opened July 1, 2020) – £193.70
  • Greenlight West Memphis (West Memphis, opened August 26, 2020) – 125.28 pounds

The Arkansas Department of Health reports that there are 105,544 active patient cards as of August 23.

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