Runner-up for Arkansas medical marijuana grower's license releases economic impact study

The medical marijuana cultivation group who tied for 6th place released their study on the impact they would have made in Garland County.

The medical marijuana cultivation group who tied for 6th place released their study on the impact they would have made in Garland County.

New Day Cultivation's impact study states they would have brought in around $82 million dollars through 2022 had they been given a license for Garland County.

While five groups were offered a license by law the state allows for eight, but one state agency working with the Medical Marijuana Commission is advising against opening up three more licenses.

Senator Bill Sample (R-District 14) representing that district telling KATV it would have been a great economic boost.

“When you have jobs, they spend money, they pay taxes…I would love to see that,” said Sen. Sample.

By 2022, the total impact around $82 million with around $26 million going back into Garland County's economy and creating around 120 jobs the study states.

The study is broken down into two phases.

The first phase of cultivation would create 42 positions with a total associated annual payroll of around $1.4 million. Manufacturing would create five jobs with payroll amounting to $290,000.

The second phase would expand the company's operations reaching 107 employees with payroll now around $3.8 million. Manufacturing positions would increase to 15 with a payroll of $845,000.

"I don't know if I want to see them open it up to eight, but I’d certainly like to see one go to Hot Springs and Garland County," added Sen. Sample.

The Department of Finance and Administration, advising the commission not to include another three licenses.

DF&A Spokesperson Scott Hardin releasing this statement to KATV:

It is our view that issuing an additional three licenses at this point in the process is contrary to the rules and regulations of the MMC and Amendment 98 (the Medical Marijuana Amendment). The Commission stated in a legal notice posted in June 2017 it would issue a total of five cultivation licenses in this application period. Each applicant then based every portion of its planning and application on the fact five cultivation facilities would be awarded. While additional licenses are under the discretion of the Commission, the Commission’s rules state it will initiate the selection process for cultivation facilities upon determining that there are not enough cultivation facilities to supply the dispensaries within the state. With the review for dispensary applications in the early stages, it is impossible for the Commission to currently determine the five facilities to be licensed will not adequately provide product to dispensaries. It is premature for the Commission to determine that additional cultivation facilities are warranted beyond the baseline number of five (5) when they have not determined the amount of usable marijuana that is reasonable for even one (1) cultivation facility to produce.
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