Modeling estimates $984 million in Arkansas marijuana sales by 2027, tax gain of more than $260 million

by Talk Business & Politics staff (staff2@talkbusiness.net)

Arkansas voter approval in November of adult use (recreational) marijuana could add $2.4 billion to the state’s economy over five full years of implementation, and add up to 6,400 jobs by 2027, according to modeling from the Arkansas Economic Development Institute (AEDI).

The AEDI, housed at the University of Arkansas at Little Rock (UALR), was commissioned by Responsible Growth Arkansas (RGA) to conduct an economic modeling forecast of legal marijuana sales in Arkansas over a five-year period. RGA is the group that worked to get the proposed amendment on the November general election ballot.

If the issue is approved by voters, it would amend the existing law for medical marijuana and allow those who are at least 21 to purchase cannabis from licensed dispensaries. Existing medical marijuana dispensaries would receive licenses to sell recreational use cannabis at the dispensaries and obtain licenses to establish recreational cannabis dispensaries at another location. Licenses also would be available for additional dispensaries and cannabis cultivation facilities.

https://talkbusiness.net/2022/09/modeling-estimates-984-million-in-arkansas-marijuana-sales-by-2027-tax-gain-of-more-than-260-million/

Arkansas recreational marijuana advocates say it could be $1 billion industry

KUAR | By Michael Tilley/ Talk Business & Politics

River Valley Relief in Fort Smith could add up to 150 jobs. Kansas City, Kan.-based Greenlight estimates adding 100 jobs in Arkansas with $2 million in new investment. They’re just two of many medical marijuana companies operating in Arkansas likely to add jobs and investment if voters approve recreational marijuana use for adults in November.

Polling suggests broad support for recreational, or what is also called adult use.

But there will be opposition. Gov. Asa Hutchinson, a former federal prosecutor and head of the U.S. Drug Enforcement Administration under President George W. Bush, is against the November ballot question. He’s encouraging law enforcement groups to come out against the measure, telling members of the Arkansas Municipal Police Association not to be swayed by benefits being promoted by Responsible Growth Arkansas (RGA), the organization that worked to place legalization of recreational use on the November ballot.

https://www.ualrpublicradio.org/local-regional-news/2022-09-15/arkansas-recreational-marijuana-advocates-say-it-could-be-1-billion-industry

Group pushing for recreational marijuana in Arkansas releases first TV ad

by Marine Glisovic (msglisovic@sbgtv.com)

A new TV ad pushing for recreational marijuana is set to hit the airwaves on Wednesday (Aug. 31).

Responsible Growth Arkansas (RGA) is highlighting where some of the taxes derived from recreational cannabis sales will go in this new ad.

Whether Arkansans will see a recreational marijuana use question on the November ballot is yet to be determined as it is still being reviewed by the Arkansas Supreme Court. The State Board of Election Commissioners denied certification of the ballot title, but an appeal from the group’s supporters is being heard by the state’s high court. The court conditionally certified the measure to be on the November ballot while it decides whether the votes will count.

https://talkbusiness.net/2022/08/group-pushing-for-recreational-marijuana-in-arkansas-releases-first-tv-ad/

Adult-use cannabis makes Nov. 8 ballot, votes might not count

by Jeff Della Rosa (JDellaRosa@nwabj.com)

A group recently submitted more than twice the number of signatures for a ballot issue that, if approved, would allow for adult-use or recreational cannabis in Arkansas. While the issue was conditionally certified to be on the November ballot, the Arkansas Supreme Court will decide whether the votes will count.

Responsible Growth Arkansas gathered more than 193,000 signatures, more than twice the 89,151 signatures required to make the ballot. In late July, Arkansas Secretary of State John Thurston confirmed the group had the signatures to meet the requirement. But in early August, the Arkansas Board of Election Commissioners, on which Thurston is chairman, denied certifying the ballot issue amid concerns regarding sufficient background checks for dispensary owners and limits on THC, tetrahydrocannabinol, a marijuana chemical.

Steve Lancaster, attorney for Wright Lindsey Jennings and spokesman for Responsible Growth Arkansas, appealed to the Supreme Court, and it ruled to conditionally certify the ballot issue. Lancaster said the ruling was needed to meet the Aug. 25 certification deadline, so the ballots could be printed on time.

https://talkbusiness.net/2022/08/adult-use-cannabis-makes-nov-8-ballot-votes-might-not-count/

Steve Lancaster is an attorney for Wright Lindsey Jennings and the spokesman for Responsible Growth Arkansas. The group recently submitted more than twice the number of signatures needed for a ballot issue to legalize adult-use or recreational cannabis in Arkansas.

State Board of Election Commissioners denies certification of recreational marijuana ballot measure

by Roby Brock (roby@talkbusiness.net)

The State Board of Election Commissioners on Wednesday (Aug. 3) denied certification of a proposed constitutional amendment to legalize recreational marijuana for adults over the age of 21.

The SBEC review is part of a new process for ballot petitions. The panel cited concerns regarding sufficient background checks for dispensary owners and limits on THC, tetrahydrocannabinol,  a chemical found in marijuana.

Responsible Growth Arkansas, the group supporting the ballot measure, turned in more than 193,000 signatures for adult recreational marijuana use, more than twice what was needed to qualify. Secretary of State John Thurston signed off last week on the measure as having sufficiently met the signature threshold to qualify for the November ballot.

https://talkbusiness.net/2022/08/state-board-of-election-commissioners-denies-certification-of-recreational-marijuana-ballot-measure/

Recreational marijuana petition finds widespread support, tests new signature collection process

by Roby Brock (roby@talkbusiness.net)

Under new laws passed by the Arkansas Legislature in recent years, many political observers expected greater difficulty in collecting ballot petition signatures.

But Responsible Growth Arkansas collected more than 193,000 signatures for its adult recreational marijuana initiative – more than twice what was needed to qualify. The Secretary of State’s office is reviewing the signatures and, if approved, the ballot title will be considered by the State Board of Election Commissioners under a new state law.

Of the $3.2 million raised by Responsible Growth Arkansas as of its June 30, 2022 financial disclosure report, approximately $2.3 million has been spent on the signature collection process. Verified Arkansas, LLC of Little Rock and Advanced Micro Targeting, Inc. of Dallas are the two beneficiaries of that spending.

https://talkbusiness.net/2022/07/recreational-marijuana-petition-finds-widespread-support-tests-new-signature-collection-process/

Two groups gathering signatures for Arkansas recreational marijuana proposals

KUAR | By Laura Isensee

Two groups are hoping to place proposals on the November ballot in Arkansas that would legalize the recreational use of marijuana. This comes six years after voters approved the use of marijuana for people in the state with certain medical conditions.

Backers of the separate proposed state constitutional amendments are working to gather enough valid petition signatures before a July deadline.

The proposal by Responsible Growth Arkansas would expand the number of grower licenses in the state to 20 and dispensary licenses to 40. Campaign Chairman Eddie Armstrong says it would enable more craft products to be grown.

https://www.ualrpublicradio.org/local-regional-news/2022-05-10/two-groups-gathering-signatures-for-arkansas-recreational-marijuana-proposals

Npr.Org/NPR News

Signatures are being collected by two groups hoping to legalize recreational marijuana in Arkansas.