The trajectory of medical cannabis sales in Arkansas continues to set new records, with transactions in the state soaring to $23.2 million in July. This robust performance propels the total sales of medical marijuana in Arkansas for the initial seven months of 2023 to an impressive $164.6 million. Remarkably, this figure surpasses the corresponding period’s sales from the previous year by a substantial margin of $7.3 million, as reported by Fayetteville TV station KNWA.

One notable factor contributing to this surge in sales is the marked increase in the number of medical marijuana cardholders within the state. Since the advent of August 2022, the count of patients has surged from 88,893 to 94,059, in accordance with data provided by the Arkansas health department. This expanding patient base is undoubtedly bolstering the state’s medical cannabis market.

Scott Hardin, the official spokesperson for Arkansas’ Department of Finance and Administration, has expressed optimism regarding the foreseeable sales trajectory. He stated that if the current sales patterns persist over the coming months, the total sales for the entirety of 2023 could potentially exceed an impressive $280 million.

In the realm of specific sales figures, medical marijuana dispensaries in Arkansas have effectively marketed and distributed 29,057 pounds of medical cannabis during the initial six months of 2023. This noteworthy achievement reflects a remarkable 23% increase when juxtaposed with the analogous period in the previous year.

The state’s proactive approach to medical cannabis regulation and the growing acceptance of its therapeutic benefits are likely contributors to the surging sales figures. With an expanding patient base and a positive trajectory in sales, Arkansas is solidifying its position as a significant player in the medical cannabis industry.

Arkansas’ medical cannabis market continues to make substantial strides, as evidenced by the record-breaking sales figures in July and the overall upward trend in transactions throughout 2023. The expanding number of medical marijuana cardholders and the persistent efforts of dispensaries are collectively driving this exceptional performance. The state’s potential to achieve sales exceeding $280 million for the year underscores the robust growth of the medical cannabis sector in Arkansas.


Source: Mjbizdaily


Major Corporations Investing in Cannabis

As cannabis legalization continues to spread across the country, major corporations are increasingly taking notice and investing in the industry. In April of 2023, a major beverage company announced a $100 million investment in a cannabis-infused drink startup, signaling the growing trend of large corporations entering the cannabis space.

Rethinking Cannabis Potency

According to recent survey data by New Frontier Data, there is a wide range of effective doses for cannabis across different populations. This means that some people can feel the effects of just 1mg of THC, while others may not notice any effects until they consume 20 or 30mg of THC. Interestingly, this variation is more significant than the variation in tolerance levels for commonly used substances like coffee and alcohol. In fact, a 30x difference in the effective dose of wine or coffee is unimaginable.

The Changing Landscape of Cannabis Product and Sourcing Choices

According to the latest data from New Frontier, consumer behavior regarding the purchase of cannabis products is experiencing a notable shift. The data reveals that more consumers are opting to order their cannabis products from brick and mortar dispensaries, indicating a growing preference for in-person shopping experiences. In 2022, 34% of consumers chose physical dispensaries, and this figure has risen to 43% in 2023. Additionally, there has been a slight reduction in cannabis delivery, with 18% of consumers utilizing this option in 2022, which has decreased to 15% in 2023. This trend can be attributed to a post-COVID era where individuals feel more comfortable leaving their homes and seeking out physical retail experiences. In this article, we will explore the normalization of cannabis product and sourcing choices, and how these changes are shaping the industry.

Nevada’s Cannabis Industry Undergoes Sweeping Reforms: A Look at Senate Bill 277

Global Cannabis Times recently reported that Nevada’s cannabis industry is on the brink of a major transformation following the recent passing of Senate Bill 277, a game-changing piece of legislation that promises to shape the future of recreational and medicinal marijuana in the state. Effective January 1, 2024, this bill brings a series of substantial changes, all aimed at enhancing customer experience, facilitating business operations, and promoting social equity within the cannabis sector.