Texarkana, Ark. Board of Directors decided to table the Medical Marijuana Fees ordinance until the Next city board meeting.
If the resolution were to pass, to sell medical marijuana in Texarkana, Ark. a business will have to acquire a $7,500 business license. That license will renew yearly at $11,250 + 25% of average inventory value for the last year. A marijuana cultivation operation will require a $50,000 per year business permit.
The ordinance is on the agenda as an emergency item which lets the board vote after only one reading.