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Tag Archive: Arkansas Department of Finance and Administration

Supreme Court denies state’s appeal, Absolute Essence case heads back to circuit court

Supreme Court denies state’s appeal, Absolute Essence case heads back to circuit court

The state Supreme Court denied the state’s appeal Thursday in a case that argues the application process for awarding dispensary licenses was flawed. The case, filed by Absolute Essence LLC, heads back to circuit court.

Arkansas dispensary sales on pace for record year, top $23.4 million in October

Arkansas dispensary sales on pace for record year, top $23.4 million in October

Arkansas dispensary sales are on pace to surpass the sales record of $264.9 million set last year. Natural Relief Dispensary of Sherwood and Suite 443 of Hot Springs were the top-selling dispensaries last month.

Judge rules commission wrongly awarded license to River Valley Relief Cultivation

Judge rules commission wrongly awarded license to River Valley Relief Cultivation

A circuit judge in Little Rock ruled Thursday evening that state regulators erred when they awarded a cultivation license to a Fort Smith business in 2020 and said the state should “take all steps necessary to remedy these violations.”  Judge Herbert Wright ruled Thursday that the state Medical Marijuana Commission violated the state Constitution and… View Article

Medical marijuana tax collections topped $2.77 million last month, $26.7 million for the year

Medical marijuana tax collections topped $2.77 million last month, $26.7 million for the year

Medical marijuana tax revenue topped $2.77 million last month, bringing the total tax collections for the year to $26.7 million, according to data released by the state Department of Finance and Administration this week. 

September sales near $24 million, up slightly from August

September sales near $24 million, up slightly from August

Medical marijuana patients in Arkansas spent nearly $24 million to purchase 4,571 pounds of product at the state’s 38 dispensaries last month, according to data from the state Department of Finance and Administration.  The $23.9 million in sales last month is up slightly from the $23.27 million in sales in August when customers bought 4,527… View Article

Dispensary sales top $23 million in August, cards up more than 5,000

Dispensary sales top $23 million in August, cards up more than 5,000

Medical marijuana patients in Arkansas spent more than $23 million last month to obtain 4.245 pounds of product at the state’s dispensaries. The state Department of Health reported an increase of 5,511 active patient cards.

State marijuana tax collections top $2.7 million in August, $21 million for year

State marijuana tax collections top $2.7 million in August, $21 million for year

The state medical marijuana industry generated more than $2.7 million in tax revenue last month, according to data from the state Department of Finance and Administration. The state has collected more than $21 million this year from two taxes related to medical marijuana.

Medical marijuana sales surpass $23 million in July, $1 million more than June sales

Medical marijuana sales surpass $23 million in July, $1 million more than June sales

Medical marijuana patients in Arkansas spent more than $23 million at the state’s 38 dispensaries last month. That’s an increase of more than $1 million over the $22 million patients spent in June.

State marijuana tax collections decline 7% through first seven months of year

State marijuana tax collections decline 7% through first seven months of year

Arkansas medical marijuana tax collections have declined 7% through the first seven months of year, according to data from the state Department of Finance and Administration.

Medical marijuana sales top $22 million in June

Medical marijuana sales top $22 million in June

Medical marijuana patients in Arkansas spent more than $22 million at the state’s 38 dispensaries in June.

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