The state of Arkansas surpassed the $1 million mark this week in taxes brought in by medical marijuana.

More than $10 million in medical marijuana has been sold in Arkansas as of Sept. 19.

About 1,400 pounds have been sold as of Sept. 19, putting more than $1 million in tax revenue for the state.

According to the Arkansas Department of Finance and Administration, the state sales tax rate of 6.5% applies to every purchase of medical marijuana along with a 4% privilege tax making the overall state rate 10.5%, a DFA spokesperson explained.

Click here to read the complete article

John Lovett ~ Times Record ~

Recent News Articles

Tuesday September 24

Uruguay makes first commercial marijuana export shipment - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

Uruguay has made its first commercial export shipment of marijuana since legalizing the drug in…

283 hits

Tuesday September 24

Massachusetts regulators approve home delivery, cannabis cafes - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

Do you want legal, tested marijuana delivered to your door, without worrying that the police…

311 hits

Tuesday September 24

Yoga, Tea, and Fine Design, Today's Cannabis Shops Offer More Than Bongs and Buds -…

in Fashion

by Bruce Kennedy - Editor in Chief

CBD and marijuana retailers have turned from hocking papers and pipes to offering complete lifestyles…

326 hits

Tuesday September 24

Study: Medical Marijuana Users Outnumber Recreational Consumers 2 To 1 - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Twice as many Americans report using marijuana to alleviate medical conditions than for recreation, new…

339 hits

Wednesday September 25

Canberra becomes the first city in Australia to legalize marijuana - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

The Australian capital Canberra will become the country's first city to legalize marijuana following a…

1379 hits