Cannabis Sales Boom In Early 2023: These Two States Report Record Figures

Arkansas Cannabis Sales Skyrocket In Early 2023

In the first two months of 2023, Arkansans purchased a total of 8,832 pounds of medical cannabis worth $45.5 million, reported Fort Smith Times Record.

That's a nearly 10% year-over-year increase compared to the same period in 2022, according to the Arkansas Department of Finance and Administration data.

"Sales for the first two months of 2023 increased by $4 million over the same period in 2022," said Scott Hardin, spokesman for the agency.

State tax collection of medical cannabis for January and February amounted to $5.3 million.

Natural Relief Dispensary in Sherwood was the top-selling shop during the same period, with 884 pounds of medical marijuana sold, followed by Suite 443 in Hot Springs, which sold 856 pounds.

Arkansas legalized cannabis in May 2019 with sales hitting the $175 million mark in the first year and $264.9 million in 2021.

Connecticut's First Full Month Of Rec Cannabis Sales: Here's How Much Weed Was Sold In February

Connecticut's legal adult-use cannabis market officially rolled out in January 2023 and in  February retailers sold $7.02 worth of marijuana.

The Connecticut Department of Consumer Protection said last week that the medical cannabis market recorded $11.4 million in sales for that period, bringing to $18.4 million in total sales.

Medical marijuana patients bought 316,644 products while adult-use consumers purchased 168,565.

The average product price for medical marijuana was $36.11 in February, while the average for recreational marijuana products was $41.82.

Photo: Courtesy of geralt and Kindel Media by Pixabay