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Arkansas Latest Marijuana State To Deny Small Business Opportunity

Submitted by Marijuana News on Fri, 01/06/2017 - 08:25

  • The state of Arkansas has become the latest medical marijuana state to exclude small business opportunities by setting outrageous fees and capital requirements for a tiny few marijuana licenses.

    The Medical Marijuana Commission decided on a $100,000 license fee for Arkansas growers of medical marijuana.

    The fee is on top of the $15,000 fee decided by the commission just to apply. If an applicant is rejected, half of the application fee will be refunded.

    The commissioners also decided on basic financial requirements for applicants hoping to have a cultivation facility. They voted that applicants must show proof of $1 million dollars in assets or a surety bond and must also show proof of $500,000 in cash.

    You (or your company) need to be worth at least $1.5 million to even be considered for growing medical cannabis. Then you need to be willing to bet half your $15,000

    • ...
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