Jan 4, 2023 - Business

Nearly a fifth of state's medical marijuana sold in Northwest Arkansas

Data: Source: Arkansas Department of Finance and Administration; Chart: Axios Visuals

Nearly 18% of the medical marijuana sold in November 2022 was purchased at NWA's four dispensaries — more than 803 pounds.

Why it matters: The state collects 6.5% tax revenue on medical marijuana sales, which goes to support schools, infrastructure and other state government activities.

  • An additional 4% privilege tax goes to the University of Arkansas for Medical Sciences, specifically for the establishment of a national cancer institute.

By the numbers: Statewide, medical marijuana patients spent about $23.2 million in November on 4,489 pounds.

  • The state collected $29.4 million in on the sale of 45,677 pounds during the first 11 months of 2022.

Flashback: In November voters denied a proposal to make recreational marijuana legal in Arkansas.

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