As Arkansas approaches the third anniversary of the opening of the first medical marijuana dispensary in the state, a recent report sheds light on how the industry has grown.
A number of milestones are reflected in the most recent report from the Arkansas Department of Finance and Administration.
Overall, patients have purchased more than 80,000 pounds of cannabis since the first dispensary opened in May 2019.
Locally, Plant Family Therapeutics of Mountain Home, which opened in February 2020, sold slightly over 199 pounds for the month of February.
Fiddler’s Green of Mountain View, which opened in July of 2019, sold 91 pounds in February.
For the month of February, medical marijuana patients spent $21.1 million at the state’s 38 dispensaries to obtain 3,658 pounds of cannabis.
With state tax collection of $2.33 million in February, overall collection from the medical marijuana industry has surpassed $63 million. This includes collection from the regular state sales tax of 6.5%, along with the 4.0% privilege tax. Both taxes apply to every patient purchase, while only the 4.0% tax applies to sales from cultivators to dispensaries.
The Arkansas Department of Health reports 82,410 active Medical Marijuana Registry Identification Cards. The cards allow patients to purchase a limited amount of cannabis legally.
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