Growers and $$

Growers and $$



Some, but not all, of the five companies the state has scored as eligible for cannabis cultivation in Arkansas included in their applications estimates of job hires and financial impact. Companies estimate hires between 25 and 60; two estimate payrolls will exceed $1 million.

Beau Whitney, senior economist at New Frontier Data, which gathers information on the cannabis industry nationwide, said that cultivators typically hire between five and 10 full-time employees and 10-20 part time, with payrolls of around $500,000. While his figure is half the payroll estimates of Arkansas cultivators, Whitney said the wages have a X2 multiplier effect, and that “really provides a million dollars of economic benefit to the community.”


Originally published on ArkTimes.com.