The medical cannabis markets of neighboring states Arkansas and Missouri are roughly the same size, but they’re going in somewhat opposite directions.
MMJ sales in Arkansas in November were down 7% from the same period of 2020 and 22% below the peak in May 2021, according to state tax revenue data.
Despite the declines, the industry has exceeded a quarter of a billion dollars in sales for the year.
Arkansas medical marijuana regulators reported that $254 million was spent in the first 11 months of the year at the state’s 37 dispensaries.
In Missouri, meanwhile, monthly sales continue to increase.
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The state’s dashboard shows that November sales totaled $26 million, up 8% from October’s $24.2 million.
Cumulative sales, 14 months after the market launch, have reached $200 million, state regulators reported Monday.