LITTLE ROCK, Ark. - A state commission has decided that Arkansas residents hoping to grow medical marijuana will have to pay an annual fee of $100,000 to operate a cultivation facility.
The Arkansas Medical Marijuana Commission set the fee amount on Tuesday, the Arkansas Democrat-Gazette (http://bit.ly/2iB9UsP ) reported. The commission also decided that people who apply must have a $1 million bond or assets worth $1 million and be able to show $500,000 in cash liquidity. The requirements are in addition to a $15,000 application fee the commission approved last week.
The commission was created by the Arkansas Medical Marijuana Amendment passed by voters in November.
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The Arkansas Medical Marijuana Commission set the fee amount on Tuesday, the Arkansas Democrat-Gazette (http://bit.ly/2iB9UsP ) reported. The commission also decided that people who apply must have a $1 million bond or assets worth $1 million and be able to show $500,000 in cash liquidity. The requirements are in addition to a $15,000 application fee the commission approved last week.
The commission was created by the Arkansas Medical Marijuana Amendment passed by voters in November.
Read more
