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Arkansas: $1 million in pot taxes fill state coffers - Cannabis News
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.
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John Lovett ~ Times Record ~
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