Are you thinking about applying for a medical marijuana dispensary or cultivation facility license in Arkansas? The IRS 280E statute is a major hurdle for cannabis businesses when tax time comes around because it states that only expenses that are considered Cost of Goods Sold (COGS) are able to be deducted for federal income tax...

TO: Potential Applicants FROM: Arkansas Medical Marijuana Commission DATE: August 11, 2017 RE: Advisory Memorandum II for Potential Cultivation Facility and Dispensary Applicants This Advisory Memorandum is intended to address frequently asked questions regarding application submissions. This document should be considered after reviewing the full application posted at mmc.arkansas.gov and Advisory Memorandum II. In this...