Industry Abuzz as First-Year Medical Marijuana Sales Top $75M in Arkansas

We were unable to send the article.

Arkansas’ new medical marijuana industry had a big first year in sales, $75 million in total, and it got bigger as it went on, with a startling 40 percent sold since March 1.

At $75.52 million for 12,074 pounds, the average price per ounce for the first year was about $390, on the high end for states with medical programs. But that didn’t seem to keep Arkansans from stocking up as the first anniversary passed May 20. At present, nearly 52,000 Arkansans with one of 19 qualifying conditions have received medical marijuana cards.

Though voters approved legalizing controlled medicinal use of marijuana in November 2016, actual sales did not begin in the state until the first of 25 authorized retail sites opened in Hot Springs on May 10, 2019. Now 22 dispensaries are open across the state, and sales have skyrocketed in the past 80 days.

“Overall sales recently surpassed $75 million and 12,000 pounds since the first dispensary opened in May 2019,” state spokesman Scott Hardin said. “A large percentage of the $75 million has been generated since March 1, 2020,” he added, noting that Arkansans have spent about $30 million on medical cannabis since. “Purchases since March 1, 2020, represent 40% of overall sales for the first year of the Arkansas medical marijuana program.”


Arkansas Medical Marijuana Dispansaries
Ranked by sales

DISPENSARY

LOCATION

OPENING DATE

TOTAL SOLD*

Green Springs Medical

Hot Springs

May 12, 2019

2,303.78

The Releaf Center

Bentonville

Aug. 7, 2019

1,316.76

Acanza

Fayetteville

Sept. 14, 2019

997.16

The Source

Bentonville

Aug. 15, 2019

977.73

Native Green Wellness

Hensley

July 2, 2019

916.18

Harvest

Conway

Oct. 11, 2019

860.64

Fiddler’s Green

Mountain View

July 11, 2019

852.15

Suite 443

Hot Springs

May 10, 2019

586.32

NEA Full Spectrum

Brookland

Dec. 9, 2019

511.02

Purspirit Cannabis

Fayetteville

Nov. 20, 2019

494.98

Fort Cannabis

Fort Smith

Dec. 18, 2019

431.16

Greenlight Dispensary

Helena

June 27, 2019

355

Arkansas Natural Products

Clinton

June 20, 2019

334.25

Plant Family Therapeutics

Mountain Home

Feb. 3, 2020

307.57

Natural Relief Dispensary

Sherwood

March 17, 2020

230.59

420 Dispensary

Russellville

Dec. 17, 2019

204.28

Red River Remedy

Texarkana

Jan. 10, 2020

124.71

Harvest House of Cannabis

Little Rock

Feb. 14, 2020

105.3

Custom Cannabis

Alexander

March 5, 2020

69.27

Herbology

Little Rock

Feb. 26, 2020

39.48

Bloom Medicinals

Texarkana

Jan. 15, 2020

38.32

Body & Mind Dispensary

West Memphis

April 27, 2020

7.75

TOTAL

 

 

12,074

* In pounds. As of May 11, 2020.