Arkansas Voters Likely to Decide Adult-Use Cannabis Legalization in November

Arkansas Voters Likely to Decide Adult-Use Cannabis Legalization in November

<![CDATA[Arkansas could be the 20th state to legalize adult-use cannabis—and the first among its six neighboring states—this November. That’s because ballot initiative group Responsible Growth Arkansas submitted more than 190,000 signatures July 8 to the secretary of state’s office for its petition to let voters decide on a constitutional amendment to fully legalize the plant, ABC-affiliate KATV reported. That’s more than double the 89,151 valid signatures needed—or 10% of the votes cast for governor in the most recent gubernatorial election—according to Former Arkansas state Rep. Eddie Armstrong III, a Democrat who served as minority leader during his statehouse tenure from 2013-2019, filed the initiative and established Responsible Growth Arkansas to support it. For the past four years, Armstrong has served as the CEO and chairman of Chicago-based Cannabis Capital Group, a medical cannabis consulting, investing and advisory firm. The intent of the ballot measure, the “Arkansas Adult Use Cannabis Amendment,” is to authorize adults 21 and older to legally possess up to 1 ounce of cannabis for personal use and to authorize the cultivation and sale of cannabis by licensed commercial facilities.  Cultivation Licenses The Alcoholic Beverage Control (ABC) Division of the Arkansas Department of Finance and Administration would be responsible for administering and regulating cultivation facilities for two license types: Tier one licenses would be for existing medical operators, while tier two adult-use cultivation facilities for new market entrants would be limited to growing no more than 250 mature cannabis plants at any time. By March 7, 2023, ABC officials would be responsible for issuing tier one adult-use cultivation licenses—that don’t have the 250-plant limit—to existing operators under the state’s medical program, according to the filed initiative. By Nov. 8, 2023, ABC would then issue 12 tier two cultivation facility licenses chosen through a lottery system. No more than…

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Source : Arkansas Voters Likely to Decide Adult-Use Cannabis Legalization in November

reposted by Cannabis News World

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