Why it matters: This article highlights how the medical cannabis program in Arkansas is benefiting the state’s education system by using cannabis tax funds to provide free or low-cost lunches for children. It also discusses the growth of the medical cannabis industry in Arkansas and its impact on patients.
What they are saying: The Arkansas Medical Marijuana Commission (AMMC) spokesperson, Scott Hardin, explains that $87 million of the $115 million collected from cannabis taxes has gone towards providing free or low-cost lunches for children. This funding ensures that students who receive reduced school lunches do not have to pay for them. Hardin also mentions that the state has seen an increase in the number of medical cannabis patients, with the industry outpacing initial projections.
The big picture: The medical cannabis program in Arkansas has generated significant revenue, surpassing $1 billion in total sales since its launch in May 2019. This milestone demonstrates the growing acceptance and recognition of the therapeutic benefits of cannabis. Arkansas is not the only state reaching this milestone, as Arizona’s recreational cannabis market has also surpassed $1 billion in sales.
What to watch: It will be interesting to see how the medical cannabis industry in Arkansas continues to evolve. As the number of patients continues to grow, there may be a need to address the current limitation of eight cultivators and 38 dispensaries in the state. Additionally, ongoing legal cases regarding the ban on hemp-derived cannabinoid products and advertising restrictions will likely have implications for the industry.
My take: It is encouraging to see the positive impact of the medical cannabis program in Arkansas, particularly in terms of supporting children’s access to nutritious meals. The significant revenue generated by the industry highlights its economic potential and the demand for medical cannabis products. However, it will be important for the state to monitor the growth of the industry and ensure that patients’ needs are met effectively. Resolving the legal cases regarding hemp-derived products and advertising will also provide clarity for businesses operating in the industry.
