Arkansas Department of Finance & Administration
Arkansas Ends Fiscal 2025 With $367.9M Surplus as Corporate Tax Collections Fall 28%
The state said storm-related collection delays had a smaller impact on revenue than anticipated. read more >
Storm Nolan’s Cultivation License Remains in Legal Limbo
The Arkansas Supreme Court is set to weigh in again on the five-year court battle over the license. read more >
by Kyle Massey -
Saline County Businessman Accused of Scamming Cousin Out of $390K Faces Bankruptcy Battle
Ricky Don Angel borrowed $390,000 from his cousins Sharon and Rory Wadkins in late 2020, promising substantial returns but failing to repay the debt, which they now allege was secured through false pretenses. read more >
by Mark Friedman -
Arkansas Problem Gambling Council Seeks Increased Funding as Calls for Help Surge
This year, the number of calls to the nonprofit hotline, 1-800-Gambler, is expected to be up 5% from last year’s total of about 7,000 calls, said Vena Schexnayder, founder of the organization. The nearly 7,000 calls the APGC received in 2023 was an increase of 22% from 2022. read more >
by Mark Friedman -
State Tax Revenue Falls 4.5% in October
Gross revenue collections this year are down primarily due to corporate and individual income tax cuts, the Department of Finance and Administration said. read more >
State Tax Revenue Falls 2% in September
Net available general revenue was $691.6 million for the month, a 2% decrease from last year. The figure surpassed the forecast by $7.8 million, or 1.1%. read more >
Sharon Strong Named Director of Arkansas Scholarship Lottery (Super Mover)
Her past roles include senior assistant attorney general in the office of Attorney General Tim Griffin. read more >
State Tax Revenue Rises 8.2% in March
Collections were above forecast primarily due to higher sales tax and individual income tax collections. read more >
Robert Birch Hired as Economic Development Director for the City of Jacksonville (Movers & Shakers)
He previously was director of business development for the city of North Little Rock. read more >
Lowell In-Home Care Company Faces Racketeering Lawsuit for Alleged Workforce Misclassification
The lawsuit accuses Pinnacle In Home Care LLC of misclassifying its workforce to avoid mandatory employer costs that its competitors have to pay. read more >
by Mark Friedman -
Arkansas Sees Record Medical Marijuana Sales Amidst Falling Prices
The average price per pound for all of 2023 was just under $4,550, according to data from the Arkansas Department of Finance & Administration. read more >
Hot Springs Business Owner Pleads Guilty to Tax Evasion
Jerry Wade admitted he dodged $507,000 in taxes by using cash for business transactions and asking customers to write multiple checks in amounts of less than $10,000. read more >
by Mark Friedman -
Arkansas Cannabis Sales Hit Annual Record
Arkansas cannabis sales hit a new high in 2022, topping $276.3 million, making it the biggest year of sales since sales began in 2019. read more >
by Lance Turner -
Too High? THC Test Results Under Fire
Arkansas has no apparent procedure to confirm THC test results, which play into the pricing of medical marijuana. That revelation comes as lawsuits question the integrity of testing companies that draw their revenue from growers. read more >
by -
State Tax Revenue Down 5.6% in November, Still Above Forecast
The forecast was revised on Nov. 10 to account for tax cuts from the special legislative session and updated economic assumptions. read more >
ABC Director Revokes Fort Smith Cultivator’s Marijuana License
The decision was somewhat expected, but still was a blow to owner Storm Nolan, who invested $8 million in the business. read more >
by Kyle Massey -
State Moves to Revoke Fort Smith Cultivator’s Marijuana License
The licensing reversal favored 2600 Holdings of Little Rock, doing business as Southern Roots Cultivation, which had sued claiming it should have rightfully won the license. read more >
by -
Judge Rules Fort Smith Cannabis Cultivator Got License Improperly
A Pulaski County circuit judge rules that the Medical Marijuana Commission and others acted “unreasonably, unlawfully, and capriciously” by awarding a cultivation license to River Valley Relief Cultivation of Fort Smith. read more >
by -
Medical Marijuana Licensing Under Fire
Sworn depositions reveal that the original licensing process was questionable enough to spawn an FBI investigation. read more >
by -
Arkansas September Tax Collections 20% Above Forecast
September net available general revenue hits $766.1 million, 20% above forecast, and officials foresee a third straight year of "high growth in incomes." read more >
by Lance Turner -
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![An aerial view of part of the Eco-Vista Landfill in Tontitown. It stands accused of polluting air and water, and is filling up rapidly. [PHOTO provided]](https://arkansasbusiness.wppcdn.com/wp-content/uploads/2025/07/FB_IMG_1750954398409_opt-e1752252680514-150x150.jpg)
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