Report: Arkansas’ costs to legalize MMJ could outweigh tax revenue

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Arkansas state finance officials said in a report released Thursday that legalizing medical marijuana would cost more to administer and enforce than the tax revenue it would generate, which could bolster opposition to two pro-MMJ measures on the ballot.

The Department of Finance and Administration (DFA) contacted tax officials in states that have legalized medical marijuana but not recreational cannabis seeking their 2015 marijuana sales figures, according to the Booneville Democrat.

Six of the 21 states responded, and the DFA compared the sales figures from those states to their respective populations to arrive at the following per capita

Report: Arkansas’ costs to legalize MMJ could outweigh tax revenue is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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