The Arkansas Medical Marijuana Commission has set the annual fee to operate a medical marijuana cultivation facility at $100,000.
This is on top of the $15,000 application fee regulators approved last week.
The financial requirements are quite high compared to many other states, although a few other markets charge even more. Maryland, for example, assesses a $165,000 fee annually a cultivator license.
Some of the money generated in Arkansas by the licensing fee will help fund the MMJ commission and law enforcement.
The Arkansas Democrat-Gazette reports that it’s estimated it will cost the state $4 million-$6 million a year to oversee the new MMJ industry, while tax revenue from medical cannabis sales is expected to generate only $2.5 million.
Also Tuesday, the commission said the five grows won’t have to be spread out among the state’s five health regions, as regulators previously discussed.
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Sounds like another program set up for failure from the beginning. Who are they kidding with a 4-6M$ cost to enforce for an expected 2.5 M$ income.
Bravo, unbelievable to see MMJ becoming positively interwoven in our lives.