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 >
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 >
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 >
The forecast was revised on Nov. 10 to account for tax cuts from the special legislative session and updated economic assumptions. read more >
The decision was somewhat expected, but still was a blow to owner Storm Nolan, who invested $8 million in the business. read more >
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 >
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 >
Sworn depositions reveal that the original licensing process was questionable enough to spawn an FBI investigation. read more >
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 >
The surplus came in higher than the revised May forecast of $1.47 billion. read more >
The forecast for the fiscal year was revised to reflect an expected year-end surplus of $1.47 billion. read more >
Wagers for the month were more than $10.6 million, beating the previous record set in October by $1 million. read more >
Construction of a high-tech entertainment venue is on tap for the former site of the largest water park in Arkansas. read more >
The recent surge in natural gas prices has been an unexpected boon to state tax coffers, with just seven months’ worth of gross natural gas severance tax collections for this fiscal year more than doubling total revenue for the previous two fiscal years. read more >
In 2022, businesses have their first opportunity to pay the Arkansas pass-through entity tax (PET) rather than passing the state income tax obligation through to its owners. read more >
Revenue was above forecast in all major categories. read more >
The Arkansas Department of Finance & Administration has again started issuing business closure notifications for failure to pay sales and withholding taxes. read more >
Sales of mixed drinks, liquor and beer in Arkansas last year show, unsurprisingly, a decided uptick over those in 2020. read more >
A Pulaski County Circuit Court judge has extended a temporary restraining order that prevents the Arkansas Medical Marijuana Commission from issuing the state’s remaining dispensary licenses. read more >
Individual income tax collection benefited from continued high growth in payroll withholding. read more >
A Little Rock Black-owned business that sued the Arkansas Medical Marijuana Commission also has a case alleging racial discrimination against the firm that scored the applications for medical marijuana dispensary licenses. read more >
