Arkansas names 5 companies picked to grow medical marijuana

(AP) - Arkansas regulators have announced five companies the
state intends to license to grow medical marijuana under a voter-approved amendment that legalized the drug for certain patients.The state Medical Marijuana Commission on Tuesday announced the top five applications for cultivation facilities, which will grow and provide cannabis for dispensaries to sell. The panel will license up to 32 dispensaries to sell the drug later this year.

The companies have seven days to pay a $100,000 licensing fee and post a $500,000 performance bond in order to receive the licenses.

The companies are Natural State Medicinals Cultivation in Jefferson County, Bold Team LLC in Woodruff County, Natural State Wellness Enterprises in Jefferson or Jackson County, Osage Creek Cultivation in Carroll County and Delta Medical Cannabis Company Inc. in Jackson County.

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