Monday marks the final day the Arkansas Department of Finance and Administration (DFA) will be accepting applications to cultivate or sell medical marijuana in The Natural State.
Mindful that it’s crunch time in the South, a spokesman for the DFA noted, “everyone is bracing themselves for Monday knowing it’s going to be an extremely busy day,” according to the Associated Press.
To be considered for the Arkansas program, “a complete response to the state application must be hand-delivered to the Arkansas Medical Marijuana Commission before 4:30 PM on September 18, 2017,” according to program’s request for application.
The Arkansas Medical Marijuana Commission will issue five licenses to cultivate medicinal cannabis and 32 licenses to operate state-sanctioned dispensaries throughout eight regions of the state.
No small task to complete, the typical application is approximately 1,000 pages.
Once completed, it will be up to the five-member medical marijuana commission to judge the applicants based on their individual merit. After today’s deadline has passed, Arkansas’s MMJ commission will then spend the next several weeks examining “the applications and scoring them” based on several variables.
Arkansas applicants will be disqualified for the following reasons:
- Failure to provide complete responses or information
- Providing misleading, incorrect, false, or fraudulent information
- Failure to pay all applicable fees prior to payment deadline
- Failure to post a performance bond upon notification that applicant has been selected for licensure
- Background history indicate applicant is not reputable or responsible; potential health and safety risk to public
A costly startup opportunity, the Arkansas Medical Marijuana Commission requires applicants have at least $500,000 in liquid assets and can provide proof of a $1 million surety bond.
Though Arkansas has approved approximately 1,200 medical marijuana patients, the state will not issue their cards “until 30 days before the product is available in the state,” according to the Associated Press.