Osage Creek Cultivation in Carroll County scored fourth-highest on a points system the commission used to evaluate applications.
Only one cultivation center in Northwest Arkansas was selected by the Arkansas Medical Marijuana Commission Tuesday (Feb. 27). Successful applicants will have to pay an annual $100,000 licensing fee and submit an initial $500,000 performance bond. None of the winning bidders for the first five cultivation licenses are located in Zone 8.
A Senate committee narrowly approved a host of regulations, including a limit on how many businesses can be licensed to manufacture and sell medical marijuana.
Ninety other applicants had been vying for one of the five permits.
“We appreciate that it is a public trust that has been placed upon our company to produce quality, safe, and legal medicine to Arkansas patients”, said McDaniel, who is also an attorney and lobbyist for the company.
Delta Medical Cannabis Company, Inc.
“My hope is that it will be done right and a benefit to my community and if that is the case then it is a win win but we need to be circumspect to make sure it’s done right”, Representative Ballinger said.
The state received 95 applications for cultivation facilities.
The Commission sent a letter through the mail to these companies, providing formal notification of intent to award a license.
Senate Bill 1120Â would allow those with certain medical conditions (such as neuropathic pain, persistent muscle spasms due to multiple sclerosis or paraplegia and intractable nausea or vomiting due to chemotherapy) to possess and use marijuana and marijuana products for medical purposes.
Arkansas voters approved the Arkansas Medical Marijuana Amendment 53 percent to 47 percent in November 2016. State Question 788 is much more progressive, allowing those with other conditions such as PTSD and anxiety to become medical marijuana patients.
“We wanted everyone to really understand what the real story is. It’s not about five businessmen that are going to make a lot of money”, Corey Hunt with the Arkansas Cannabis Industry Association, said.
credit:420intel.com
