State

Medical marijuana sales up in Caddo Valley

By The Arkadelphian

CADDO VALLEY — Local medical marijuana sales increased in April, according to the state’s Department of Finance and Administration.

Enlightened Cannabis for People, which opened in July 2020 as one of the state’s 40 allowed dispensaries, sold 23.78 pounds of medical marijuana in April. That number is up from the 21.6 pounds the Caddo Valley establishment sold in March.

“The amount of product sold increased slightly from March to April,” said Scott Hardin, spokesperson for the DFA. “On average, patients in Arkansas are spending $22.45 million each month across the state’s 38 dispensaries to purchase approximately 3,919 pounds. State tax collection on medical marijuana also increased in April with $2.98 million in total.”

Patients in Northwest Arkansas will see a change in the market, Hardin said, as Osage Creek Dispensary received approval last week to transfer from Fayetteville to Eureka Springs, making the first dispensary to open in the Carroll County tourist town. 

A total of 4,213 pounds were purchased in Arkansas in April; medical marijuana patients spent $24 million last month. The top sales from April happened at Sherwood’s Natural Relief Dispensary, at 417 pounds sold while The Releaf Center in Bentonville followed with 332 pounds.

In 2021, Enlightened contributed to 227 pounds of the total 40,347 pounds sold in Arkansas, according to information from DFA.

Statewide sales for the first four months of 2022 total $89.8 million and 15,678 pounds.

Overall, patients have purchased approximately 84,000 pounds since the first dispensary opened in May 2019, DFA said. 

State tax collection on medical marijuana totaled $2.98 million in March. Overall, the state has collected $68 million from the medical marijuana industry since mid-2019. This includes collection from the regular state sales tax of 6.5% along with the 4.0% privilege tax. Both taxes apply to every patient purchase while only the 4.0% tax applies to sales from cultivators to dispensaries. 

The Arkansas Department of Health reports 82,151 active patient cards. Patients may purchase a total of 2.5 ounces of medical marijuana every 14 days, with sales tracked via patient cards and a statewide database. Each plant is also tracked by the state’s “seed to sale” software.

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