SB419

Senate Bill 419 extends the expiration date of the Arkansas Medical Marijuana Special Privilege Tax Act of 2017 from July 1, 2023, to July 1, 2025. The legislation ensures the continued collection of this special privilege tax on medical marijuana sales. The bill includes an emergency clause, allowing it to take effect immediately upon approval to ensure there is no lapse in tax administration. By extending the sunset date, the state maintains the current taxation framework for the medical marijuana industry for an additional two years.