Ownership of Arkansas Cannabis Companies Remains Murky, Despite Efforts For Transparency
State records offer only a “snapshot”
When authors of an amendment to legalize medical marijuana drafted it a decade ago, they offered voters a plan that would require at least 60% of dispensary and cultivator ownership to be held by Arkansans.
But at present, nearly nine years after Amendment 98 passed, state records offer only a “snapshot” of overall ownership of the state’s cannabis companies.
It isn’t a particularly clear picture.
Arkansas Business asked for ownership records on the state’s 37 dispensaries and eight cultivators in January. State regulators ultimately replied Feb. 28, sending 35 organizational charts that in many cases failed to establish who owns the businesses, what stakes are held or where the owners live.
One chart, apparently for Custom Cannabis in Alexander, listed all owners and their percentages, but didn’t include any company name.
To Read The Rest Of This Article On Arkansas Business, Click Here
