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Marijuana Industry News June 27, 2020 MJ Shareholders
Arkansas regulators are considering whether to expand the number of licensed medical cannabis cultivators in the state from six to eight, according to an Arkansas Democrat-Gazette report.
The Arkansas Medical Marijuana Commission is up against a July 10 deadline to make a decision, the news outlet reported, and lawmakers took up the issue June 23 to discuss whether there is a shortage of medical cannabis in the state, although no decision was reached.
Regulators can issue a maximum of eight cultivation licenses under the voter-approved constitutional amendment that legalized medical cannabis in 2016.
The Medical Marijuana Commission has one more meeting scheduled before the deadline, and if no additional licenses are awarded, any applicants on the waiting list for a license will be removed and the commission will have to start the bidding process over from scratch, should it decide in the future that more cultivators are needed, the Arkansas Democrat-Gazette reported.
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