Arkansas Medical Cannabis Business & Marijuana Legal News

Arkansas to award 32 medical marijuana dispensary licenses

Omar Sacirbey  | January 11, 2017

The Arkansas Medical Marijuana Commission will issue 32 licenses for medical cannabis dispensaries once the application process begins.

The commission on Tuesday also set dispensary license application fees at $7,500, Little Rock television station KATV reported. Applicants who are unsuccessful will have half of their fee refunded to them.

Hoping to achieve …

Week in Review: Poorly trained MMJ workers, AR’s medical fees & Puerto Rico in business

Bart Schaneman  | January 6, 2017

By Omar Sacirbey and Bart Schaneman

A study shows that many dispensary employees are improperly trained, Arkansas announces fees to set up MMJ cultivation facilities, and Puerto Rico’s medical cannabis industry is open for business.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Arkansas MMJ cultivation fee set at $100,000 annually

Bart Schaneman  | January 5, 2017

The Arkansas Medical Marijuana Commission has set the annual fee to operate a medical marijuana cultivation facility at $100,000.

The commission also decided this week that applicants for the five available cultivation licenses must have a $1 million bond or assets worth $1 million and the ability to demonstrate $500,000 in cash liquidity, …

Arkansas to start with five medical cannabis cultivation licenses

Bart Schaneman  | December 23, 2016

Each of Arkansas’ five health regions will initially be allotted a marijuana cultivation facility license, officials with the state’s medical cannabis program announced this week.

Under the medical marijuana law voters passed last month, Arkansas must license four to eight cultivation facilities and 20-40 dispensaries.

The commission tasked with developing the nascent MMJ industry in …

Arkansas governor announces MMJ commission

Bart Schaneman  | December 8, 2016

Arkansas has unveiled the five members of its new Medical Marijuana Commission, which will administer and oversee the licensing of dispensaries and cultivators under the state’s new MMJ program.

The group – selected by the governor and state lawmakers – is a mixture of health and legal experts, according to the Arkansas Times.

Gov. Asa …

New Market: Smooth rollout expected for Arkansas MMJ industry

Bart Schaneman  | December 7, 2016

By Bart Schaneman

The Arkansas medical marijuana industry is expected to experience a smooth launch and will likely serve a small, but not tiny, market.

After a previous legalization measure failed narrowly in 2012, voters in the Bible Belt state passed an initiative on Nov. 8 to allow the use, cultivation and sale of medical cannabis.

Chart: Sales projections for states that legalized cannabis on Election Day vs. 2016 industry estimates

Eli McVey  | November 21, 2016

By Eli McVey

States that passed marijuana measures earlier this month eventually could generate more in annual retail MJ sales than the entire U.S. cannabis industry is expected to this year.

Though these new markets will take time to develop, they present tremendous opportunities for entrepreneurs looking to capitalize on the results of the election.

Legal uncertainty for marijuana industry after Trump election, conference panelists say

John Schroyer  | November 17, 2016

By John Schroyer, Bart Schaneman and Omar Sacirbey

Uncertainty.

That’s the easiest way to summarize the legal climate for cannabis entrepreneurs after Donald Trump’s election as president, according to a panel of political experts Wednesday at the Marijuana Business Conference & Expo in Las Vegas.

Map: The post-election U.S. marijuana landscape

Eli McVey  | November 14, 2016

By Eli McVey

Nearly 60% of the U.S. population now lives in states that have legalized some form of marijuana use and sales, illustrating the rising acceptance of cannabis nationwide and highlighting the industry’s immense potential for future growth.

Week in Review: 5 business takeaways from the landmark election

Omar Sacirbey  | November 11, 2016

By Omar Sacirbey and Bart Schaneman

Now that voters in seven additional states have legalized recreational or medical marijuana, business leaders and political observers are bullish about the potential for industry growth.

They point to surge in opportunities for interstate expansion, increased investor interest in cannabis and greater innovation in technology and business strategies.