Arkansas marijuana sales top $21 million in February; tax revenue was $2.3 million – talkbusiness.net

Medical marijuana sales in Arkansas totaled $21.1 million in February, with sales based on tax revenue topping February 2021. Sales for the first two months of 2022 total $41.69 million and 7,389 pounds, according to the Arkansas Department of Finance and Administration (DFA).

The DFA reported Tuesday (March 22) that tax revenue from the state’s 37 licensed marijuana dispensaries was $2.333 million in February, above the $2.309 million in February 2021. Taxes collected are 6.5% of regular state sales tax with each purchase by a patient, and a 4% privilege tax on sales from cultivators to dispensaries. Most of the tax revenue is placed in the University of Arkansas for Medical Sciences National Cancer Designation Trust Fund.

Natural Relief Dispensary in Sherwood posted the most February sales with 372 pounds, and The Releaf Center in Bentonville was second with 299 pounds. The Releaf Center was the top dispensary in 2021 with 4,012 pounds sold, and Natural Relief was second with 3,682 pounds.

The largest month for medical marijuana tax revenue was May 2021 at $3.28 million. The state has collected $62.525 million from the

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