This Southern State Smashes Records With $283M In 2023 Medical Cannabis Sales
Arkansas spent a record-breaking $283 million on medical cannabis in 2023, according to data from the Department of Finance and Administration. This marks an increase from the $276 million in revenue seen in 2022. The sales were generated from the distribution of 62,227 pounds of cannabis from the state's 38 dispensaries. The leading dispensary in 2023 was Suite 443 in Hot Springs, which sold 6,279 pounds of marijuana. Natural Relief Dispensary in Sherwood and CROP in Jonesboro came in second and third, respectively. Since the introduction of medical marijuana sales in 2019, the industry has generated over $1 billion in revenue. Additionally, over $120 million in tax revenue has been generated. However, sales numbers do not always align with tax revenue due to factors such as delayed revenue and audits from previous years. In November 2022, Arkansas rejected the legalization of recreational marijuana for adults.
