Arkansas regulators have announced that they have formally awarded all 32 licenses for cannabis dispensaries that will operate under the state’s medical marijuana program. Officials at the Department of Finance and Administration said on Tuesday that all 32 licensees approved last month paid the required $15,000 licensing fee and have posted a $100,000 performance bond. Scott Hardin, a spokesman for the department, said the dispensaries are now authorized to begin serving patients.
“They have completed everything required of them, so at this point technically they are licensed,” said Hardin. “They will receive a formal piece of paper, a license over the next week to make it official, but really at this point, it is simply a matter of how quickly can these 32 companies open their doors for business.”
Hardin said that some of the approved dispensaries have already begun construction and should be open as soon as this spring.
“You have some companies that were in anticipation of a license, hopeful anticipation, were proactively getting their facilities ready, so some of those, we think, could be open as early as April,” he said. “We think it would be a very limited number. We think it’s really going to start