Arkansas residents are still uncertain about the ownership of cannabis companies nearly nine years after the passage of Amendment 98, which was intended to legalize medical marijuana in the state. The amendment mandated that at least 60% of ownership in dispensaries and cultivators be held by Arkansans. However, state records currently provide only a limited view of the true ownership landscape in the medical marijuana sector.
The lack of clarity surrounding ownership percentages poses challenges for transparency in Arkansas’s cannabis industry. Despite the initial intentions of the amendment’s authors, the present state of ownership remains confusing and incomplete. This situation has sparked concerns among residents and advocates who seek more accountability in the market.
For a deeper look into this issue, Arkansas Business has published a detailed report on the current status of cannabis ownership in the state. The ongoing ambiguity highlights the need for improved regulations to ensure that the spirit of Amendment 98 is upheld and that Arkansans have a clear understanding of how their medical marijuana industry is structured.
