My Experience Working with Cannabis in Arkansas
Throughout 2020 I had the opportunity to work with one of the largest cannabis dispensaries in all of Arkansas. Arkansas is vastly different in terms of cannabis and cultivation than many states I have had experience with. For starters there are less than 50 dispensaries servicing the entire state and 5 cultivators who grow and process flower for the over 50,000 medical patients in the state. Because of this, many times our dispensary had only 1-2 strains to choose from and sometimes we even ran out of all flower to provide to patients. We had to wait days on end for the cultivators who were over 4 hours away to drive to our location to provide us with fresh product. This proved to be difficult to ensure customers could always get what they need and for a reasonable price. With all this being said every month we hit over $1,000,000 in sales in the less than 3,000 square feet building. Depending on interest I will continue this post with more information.
It is always interesting to watch a market develop. Sometimes markets can take a long time to develop especially if the government makes it difficult with lots of red tape involved to open up a facility. As a result, the supply cannot keep up with the demand. Recreational legalization tends to help this. If I am not mistaken, there is currently a push to have legalization on the ballot in Arkansas in 2022, so that may help break the market open and increase the supply. I am not as surprised that sales numbers are as good as they are, seeing as there is such a limited supply that retailers can make a killing and sell out of supply on a fairly regular basis from what you have observed.
Join the Cannabis Conversation.
Join the #1 community for Cannabis Pros. Real-time tips and thought-leading dialogue covering everything from how to break into the industry and land your dream job, to how to level up your skills, to the ins outs of regulatory compliance. Start building your network here.Join The Network
Already have an account? Sign In