Medical marijuana tax collections top $32 million, up 7%

Medical marijuana tax collections top $32 million, up 7%



The Arkansas medical marijuana industry generated more than $32 million in taxes during the state’s fiscal year that ended last month, according to records from the state Department of Finance and Administration

The state collected $16,072,862 through the state’s 6.5% sales tax and $16,056,734 through the 4% privilege tax that is charged on dispensaries’ purchases from cultivators. The total of $32,129,596 is a 7% increase over the tax collections in the previous fiscal year. 

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