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Friday's Axios Northwest Arkansas stories

Concerts, theater, farmers markets: What to do in NWA this weekend

Crystal Bridges will host Little Rock rock and soul band Dazz & Brie on Saturday at 7pm. Photo: Christina Horsten/picture alliance via Getty Images

Butterfield Concert Series at Railyard Park in downtown Rogers:

New $200M Bentonville venture capital fund to invest in K-12 education

Illustration: Brendan Lynch/Axios

A new venture capital fund based in Bentonville launched this week with a post on Medium. The $200+ million fund will focus on advancing public K-12 education across the U.S.

  • A-Street Ventures will invest in a mix of early-, growth- and late-stage companies, concentrated on digital educational instruction and new ways to assess students.
  • Profits will be reinvested or donated to charity.
  • Founder Marc Sternberg is stepping down from eight years as the K-12 education program director for the Walton Family Foundation to lead A-Street.

Arkansas' medical marijuana sales proving to be a boon for the state

Illustration: Sarah Grillo/Axios

Medical marijuana sales are proving to be icing on the state's revenue cake nearly two years after the first dispensaries opened in Arkansas.

  • The Arkansas Department of Finance and Administration reported $330.4 million of statewide medical marijuana sales — more than 48,914 pounds — as of June 3.
  • That adds to the state's projected surplus revenue of nearly $1 billion.
  • NWA's four dispensaries alone have collectively sold 28.3% of the total volume in that time, more than 13,850 pounds.

Why it matters: Northwest Arkansas has become a key driver of the state's medical marijuana industry and of the sales tax revenue Arkansas collects on each purchase.

94-year-old Victory Theater in Rogers to undergo renovations

The Victory Theather in downtown Rogers on June 9, 2021. Photo: Alex Golden/Axios

The city of Rogers will pay for renovations at the 94-year-old Victory Theater.

What's happening: David Hook, facilities manager for the city, tells Axios the work includes:

  • Repointing the brick on the western third of the building and around the stage area on the interior.
  • Repairing damaged wood as well as windows on the front of the building.
  • Repainting all wood and metal on the front of the building.
  • Resealing the brick on the building.