Arkansas Medical Cannabis Sales Down In 2024 Despite More Product Sold
Arkansas generated much less hashish income in 2024 than the earlier 12 months regardless of dispensaries seeing a bump in whole merchandise bought, KNWA studies.
Arkansas dispensaries bought $275.9 million of medical hashish in 2024, down from the state’s annual gross sales report of $283 million, set in 2023. However whereas retailers bought extra merchandise general — sufferers bought 75,598 kilos of hashish in 2024, up about 20% from the 62,227 kilos disbursed the earlier 12 months — general income dropped, the results of decreasing costs all through the trade.
The state earned over $31 million in medical hashish taxes final 12 months from a 6.5% gross sales tax ($15.97 million) and 4% privilege tax ($15.19 million), the report stated.
Final month, Gov. Sarah Huckabee Sanders (R) stated she intends to make use of medical hashish tax income to fund free faculty meals within the state.
Medical hashish advocates final 12 months submitted a petition with a number of adjustments to the state program together with house develop guidelines, telemedicine certifications, and permitting extra medical professionals to certify folks for this system. Nonetheless, whereas advocates gathered sufficient signatures to qualify for the November poll, the state Supreme Courtroom nullified the measure, ruling that it was “deceptive” as a result of the initiative didn’t correctly inform voters it could have stripped lawmakers’ means to alter the state’s 2016 constitutional modification legalizing medical hashish.
Get each day hashish enterprise information updates. Subscribe
Ganjapreneur is made potential by our companions:
