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The month-to-month marijuana report

The state Finance and Administration Division’s month-to-month report on medical marijuana gross sales offers a clue about why the prevailing trade would spend $15 million within the unsuccessful effort to legalize marijuana for all adults, largely via present cultivators and distributors.

Retail gross sales will high a quarter-billion {dollars} by the point the 12 months is over. The DFA launch:

Medical marijuana sufferers spent roughly $23.4 million in October on the state’s 38 dispensaries to acquire 4,588 kilos.

Pure Reduction Dispensary (Sherwood) had the biggest month with 443 kilos offered whereas Suite 443 (Scorching Springs) adopted with 414 kilos.

The Arkansas Division of Well being stories 90,148 energetic affected person playing cards.

Six dispensaries offered greater than 200 kilos in October.

“Via the primary ten months of 2022, sufferers have spent $228.4 million to acquire 41,188 kilos of medical marijuana,” stated Scott Hardin, spokesperson for the Arkansas Division of Finance and Administration. “State tax assortment on medical marijuana was $2.77 million in October, bringing the overall for the 12 months to $26.75 million. Because the state’s medical marijuana trade launched in 2019, the biggest 12 months for gross sales was 2021 at $264.9 million. Gross sales for 2022 ought to in the end attain $275 million if gross sales stay constant in November and December.

Is my math proper? Merchandise are promoting for about $318 an oz? Once I got here to city in 1973, an unlawful ounce (of various high quality, it should be stated) price about $15. The Google machine says $1 in 1973 is value $6.71 at this time.

The publish The monthly marijuana report appeared first on Arkansas Times.