Arkansas medical cannabis sales down $5.5 million in first half of 2024

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Medical cannabis dispensaries in Arkansas recorded $135.5 million in sales from Jan. 1 to June 30 this year, down from $141 million during the same six-month period in 2023.

That’s a decrease of $5.5 million, or 4%, over the same period, Springdale TV station KFSM reported.

In 2023, total consumer spending on legal medical marijuana in Arkansas reached $283 million, an annual record and a 2.5% increase over the $276 million in sales the state’s MMJ operators reported in 2022.

Arkansas MMJ sales, which launched in May 2019, have grown every year since:

  • 2019: $31.2 million.
  • 2020: $181.8 million.
  • 2021: $264.9 million.
  • 2022: $276.3 million.

Total MMJ sales in Arkansas surpassed the $1 billion mark last November.