Runner-up for Arkansas medical marijuana grower's license releases economic impact study

Runner-up for Arkansas medical marijuana grower’s license releases economic impact study

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The medical marijuana cultivation group who tied for 6th place released their study on the impact they would have made in Garland County. GARLAND COUNTY (KATV) — The medical marijuana cultivation group who tied for 6th place released their study on the impact they would have made in Garland County. New Day Cultivation’s impact study states they would have brought in around $82 million dollars through 2022 had they been given a license for Garland County. While five groups were offered a license by law the state allows for eight, but one state agency working with the Medical Marijuana Commission is advising against opening up three more licenses. Senator Bill Sample (R-District 14) representing that district telling KATV it would have been a great economic boost. “When you have jobs, they spend money, they pay taxes…I would love to see that,” said Sen. Sample. By 2022, the total impact around $82 million with around $26 million going back into Garland County’s economy and creating around 120 jobs the study states. The study is broken down into two phases. The first phase of cultivation would create 42 positions with a total associated annual payroll of around $1.4 million. Manufacturing would create five jobs with payroll amounting to $290,000. The second phase would expand the company’s operations reaching 107 employees with payroll now around $3.8 million. Manufacturing positions would increase to 15 with a payroll of $845,000. "I don’t know if I want to see them open it up to eight, but I’d certainly like to see one go to Hot Springs and Garland County," added Sen. Sample. The Department of Finance and Administration, advising the commission not to include another three licenses. DF&A Spokesperson Scott Hardin releasing this statement to KATV: It is our view that issuing an additional three […]

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