Medical hashish gross sales in Arkansas totaled $21.1 million in February, a rise of greater than $500,000 over January’s gross sales, in response to state Division of Finance and Administration (DFA) figures outlined by Talk Business & Politics. The state collected $2.333 million in tax revenues from February gross sales – up from $2.309 million collected the earlier month.
Because the first dispensary opened in Arkansas in Could 2019, sufferers have bought about 80,000 kilos of medical hashish and the state has collected $62.525 million in taxes, which embody a 6.5% gross sales tax and a 4% privilege tax on gross sales from cultivators to dispensaries, the report says. A lot of the revenues are earmarked within the College of Arkansas for Medical Sciences Nationwide Most cancers Designation Belief Fund.
DFA Spokesman Scott Hardin advised Discuss Enterprise & Politics that medical hashish gross sales “actually began to extend starting March 2021 by way of early fall.”
“We anticipate stimulus funding performed a job. Though gross sales stay pretty sturdy at present, we aren’t seeing the degrees reached in spring and fall final 12 months.” – Hardin to Discuss Enterprise & Politics
The Arkansas Division of Well being reported 82,410 energetic affected person playing cards in February, a slight lower from 82,696 energetic affected person playing cards in its January report.
Earlier this month, the state’s thirty eighth licensed dispensary opened in Van Buren, and Hardin described the market in central Arkansas as “very aggressive,” noting that there at the moment are seven dispensaries inside half-hour of Little Rock.
“As a area, northwest Arkansas leads the state with nearly 800 kilos bought in February by way of the Fayetteville and Bentonville dispensaries,” Hardin mentioned.
Pure Reduction Dispensary in Sherwood reported probably the most February gross sales with 372 kilos, whereas The Releaf Middle in Bentonville was second with 299 kilos, in response to state information.
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