Tag: arkansas
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Arkansas’ Legal Medical Cannabis Industry Sold 36,135 Pounds In The First Half Of 2024
The legal medical cannabis industry in Arkansas sold 36,135 pounds in the first half of 2024 according to the Arkansas Department of Finance and Administration (DFA), with total sales reaching $135.5 million during the time period. “DFA officials say that this total was reached after sales between Apr. 1 and Jun. 30 totaled $67 million,…
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Arkansas’ Legal Medical Cannabis Industry Sold $21.7 Million Worth Of Products In June 2024
The emerging legal Arkansas medical cannabis industry sold $21.7 million worth of products in June 2024 according to recently published data from the Arkansas Department of Finance and Administration. June’s sales totals were slightly down compared to April 2024 ($22.8 million) and May 2024 ($22.9 million). “Medical marijuana sales from Jan. 1 to June 30…
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How Accurate Are Cannabis Product Lab Tests?
In every legal cannabis market in the United States lab testing is required for cannabis harvests and processing. Testing cannabis for cannabinoid levels and potential contamination is a hallmark of the regulated cannabis industry, and provides the legal industry with a distinct advantage over the unregulated cannabis market. A team of researchers in the United…
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Total Arkansas Medical Cannabis Sales Top $1 Billion In 5 Years
After several delays, the first legal medical cannabis product purchase was made in Arkansas on May 11, 2019. The average reported price for flower on opening day in Arkansas ranged from $395 to $420 an ounce. Since that time, Arkansas has sold a considerable amount of legal medical cannabis, with the state’s licensed dispensaries selling…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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Medical Cannabis Sales In Arkansas Reached $44.8 Million In February And March 2024
According to Arkansas’ Department of Finance and Administration, registered Arkansas medical cannabis patients bought $44.8 million worth of medical cannabis products in February and March 2024. “The DFA reported that in February, patients spent $22.1 million to purchase 5,612 pounds. In March, they spent $22.7 million to buy 6,069 pounds.” stated KAIT8 in its initial…
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Arkansas’ Medical Cannabis Program Surpasses 100,000 Patients Mark
On November 8, 2016, Arkansas voters approved Amendment 98 which legalized cannabis for medical use by suffering patients in the state. The measure was approved by 53% of Arkansas voters, making Arkansas the 33rd state in the United States to adopt a medical cannabis legalization measure. In 2017, the Arkansas Legislature made various revisions to…