Arkansas medical cannabis regulators voted to challenge two additional cultivation licenses in response to some provide considerations within the quickly rising market.

The state now has awarded the utmost eight cultivation licenses allowed underneath a 2016 poll initiative that legalized MMJ in Arkansas.

But solely three growers at the moment are in operation.

The Arkansas Medical Marijuana Commission had confronted a July 10 deadline to determine whether or not to challenge the complete quantity allowed, in accordance to the Arkansas Democrat-Gazette.

The fee additionally awarded 4 extra dispensary licenses.

As of June 30, Arkansas’ practically 64,000 certified MMJ sufferers had spent a complete of $520,000 a day, or slightly greater than $eight per particular person, the newspaper reported, citing state data.

The new version of the Marijuana Business Factbook, launched this week, initiatives that Arkansas MMJ gross sales, after a gradual begin final yr, will attain $175 million-$215 million in 2020. Arkansas registered $30 million in medical marijuana gross sales in 2019.

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