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Arkansas

What marijuana/cannabis businesses can you start in Arkansas?

Under the new regulations, enacted as of November 8, 2016, Arkansas will be open for medical marijuana businesses. The state will allow five (5) cultivation facility licenses and thirty-two (32) dispensaries, all of which will be regulated by the Alcoholic Beverage Control Division.

The main requirement for owning a medical marijuana business is you need to be a current resident of the state and have been living there for at least 7 years prior to applying for a license.

Currently, applications are now available for dispensaries and cultivation facilities. The Medical Marijuana Commission will accept applications from June 30 to Sept. 18.

What can I do right now?

To get ahead and be prepared for when the state will start licensing marijuana businesses, you should:

  • Read through the regulations and determine what business type you'd like to have.
  • If you'll be seeking financing and investors or partners, you'll need a business plan to present to them. See our Medical Marijuana Business Plans for Arkansas page for details and get a business plan to fit your needs.
  • Start putting all the pieces together for your applications to the state, city and county officials to start your marijuana business.

How To Open a Dispensary in Arkansas

The state will allow potential business owners to open a dispensary in Arkansas. Whether this is possible or not will hinge entirely on the city and/or county of choice, as the state allows the local municipalities to ban or place moratoriums on whether to license marijuana retailers for operation or not.

Applicants for a dispensary license shall provide proof of assets or a surety bond in the amount of $200,000.00, and proof of at least $100,000.00 in liquid assets.

There will be a $7,500 fee at the time of application in which only half or $3,750 is refundable. The license fee is $25,000 for Cultivating Dispensaries and $2,500 for Non-Cultivating Dispensaries.

  1. Create your Arkansas Marijuana Dispensary Business Plan which is required for licensing.
  2. Setup your Marijuana Business Corporate Structure for your licensing application.
  3. Determine your potential location(s) and investigate whether licensing is possible in the prospective cities or counties.
  4. Acquire the necessary licenses to operate your dispensary and be completely legal and compliant. (Please note that only Diamond packages are available due to the complicated nature of the application process)
  5. Install the operational infrastructure to be in accordance with all regulations and then open your doors for business.
  6. Contract with cultivators and/or edible/extraction/infused products manufacturers to grow and produce marijuana products for you, if you don't want to do it yourself.

How To Grow/Cultivate Marijuana Legally in Arkansas

Same as Dispensary steps, the only difference is that you will be contracting with dispensaries, delivery services and/or edible/extraction/infused products manufacturers to grow marijuana for them.

Applicants for a cultivation license shall provide proof of assets or a surety bond in the amount of $1,000,000.00, and proof of at least $500,000.00 in liquid assets.

There will be a $15,000 fee at the time of application in which only half or $7,500 is refundable. Then, the license fee is $100,000.

The latest marijuana industry news, laws, & frequently asked questions for Arkansas.