Arkansas MMJ cultivation fee set at $100,000 annually

The Arkansas Medical Marijuana Commission has set the annual fee¬†to operate a medical marijuana¬†cultivation facility at $100,000. The commission also decided Tuesday that applicants for the five available cultivation licenses must have a $1 million bond or assets worth $1 million and the ability to demonstrate $500,000 in cash liquidity, according to the Arkansas Democrat-Gazette. This’s 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 ... Arkansas MMJ cultivation fee set at $100,000 annually is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs