Falling Cannabis Prices Meant Less Revenue For Arkansas Dispensaries In 2024

Demand for medical cannabis in Arkansas reached an all-time high in 2024, but the state’s 37 licensed dispensaries did not reap the rewards of moving more product across the counter.

That’s because, despite qualified patients purchasing a greater volume of cannabis in 2024, they spent a total of $275.9 million for their products, representing a 2.5% dip compared to the $283 million spent in 2023, according to the state’s Department of Finance and Administration (DFA).

Getting more bang for their buck in 2024, Arkansas’ roughly 110,000 active patients purchased 75,598 pounds of cannabis, or 21.5% more than the 62,227 pounds they bought in 2023, according to the DFA.

“Lower prices were a key reason for the increase,” DFA spokesperson Scott Hardin said in a media release.

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