Tag Archive: Taxes

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 tax collections top $32 million, up 7%

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

The state medical marijuana industry generated more than $32 million in tax revenue during the last fiscal year, which is a 7% increase over the previous fiscal year. The taxes support the state agencies that regulate the industry and the University of Arkansas for Medical Sciences.