Name: Arkansas medical marijuana dispensaries don't qualify for federal aid
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Arkansas medical marijuana dispensaries don't qualify for federal aid

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AdvertisementArkansas medical marijuana dispensaries don't qualify for federal aidHide TranscriptShow Transcript40/29 NEWS DURING THE CORONAVIRUS PANDEMIC THOUSANDS OF BUSINESSES ACROSS THE COUNTRY AND HERE IN ARKANSAS HAVE APPLIED FOR FEDERAL. ASSISTANCE TO HELP THEM STAY AFLOAT, BUT THERE’S ONE INDUSTRY THAT CAN’T GET ANY HELP THAT’S MEDICAL MARIJUANA MARIJUANA BE EVEN BEING MEDICAL IS STILL RECOGNIZED AS ILLEGAL UNDER FEDERAL LAW THAT ALL THOSE LOANS THAT ARE ISSUING YOU’RE COMING FROM THE FEDERAL GOVERNMENT. SO ACCORDING TO THEM WE ARE NOT ELIGIBLE FOR THOSE LOANS, BUT ACCORDING TO A SPOKESPERSON FOR THE MEDICAL MARIJUANA COMMISSION DISPENSARIES HAVE SOLD OVER A MILLION DOLLARS WORTH OF PRODUCTS SINCE THE PANDEMIC BEGAN AS SEVERAL BUSINESSES HAVE STRUGGLED OVER THE LAST MONTH TO MONTH. MEDICAL MARIJUANA HAS NOT BEEN ONE OF THOSE START INCREASING BUSINESS. WE’VE BEEN VERY FORTUNATE IN THAT ASPECT. SO WE AREN’T REALLY YOU KNOW, LOOKING TO GET ALONG LIKE SOME OF THESE OTHER BUSINESSES THAT ARE AROUND LOCALLY INSTEAD DISPENSARIES. LIKE THE RELIEF CENTER ARE LEARNING TO ADAPT WHILE THEY’RE LIMITING THE AMOUNT OF CUSTOMERS INSIDE AT A TIME LIKE MANY BUSINESSES. THEY’RE SHIFTING THEIR FOCUS ON LINE WITH ALL THIS WE’VE SEEN A BIG INCREASE IN OUR ELECTRONIC PRE-ORDERS AS WELL AS OUR DELIVERY. WE’VE SEEN ROUGHLY MAN ABOUT A 400 PERCENT INCREASE IN OUR DELIVERY DEMAND AND PROBABLY ABOUT A HUNDRED FIFTY THE DEPENDING ON THE DAY CLOSE TO TWO HUNDRED FIFTY PERCENT INCREASE IN OUR ELECTRONIC ORDERS, WHICH WAS ALREADY BUSY BEFORE SO WE HAVE HAD TO STREAMLINE AND MAKE MORE EFFICIENT BOTH OF THOSE PROCESSES AS THE STATE PREPARES TO REOPEN IN THE COMING WEEKS. HARDIN SAYS THE FUTURE OF MEDICAL MARIJUANA IS STRONGER THAN THEY EXPECTED THE WAY WE’RE LOOKING AT THIS WE HAVE 22 DISPENSARIES OPEN RIGHT NOW IS SALES OF 65 PLUS MILLION IN LESS THAN A YEAR. IT IS REALLY FEASIBLE THAT NEXT YEAR. WE’RE GOING SALES OF A HUNDRED MILLION. PLUS WELL AS A REMINDER SALES TAX COLLECTED ON MEDICAL MARIJUANA GOES DIRECTLY TO THE UNIVERSITY OF ARKANSAS MEDICAL SCIENCES.AdvertisementArkansas medical marijuana dispensaries don't qualify for federal aid"Marijuana, even being medical is still recognized as illegal under federal law and all of those loans they're issuing are coming from the federal government so according to them, we're not eligible for those loans," said Kyle Campbell, a manager with the ReLeaf Center dispensary in Bentonville. "With our increase in business we've been very fortunate in that aspect so we aren't really looking to get a loan like some of these other businesses around here locally."According to Scott Hardin with the department of finance administration, medical marijuana in Arkansas has seen record growth, even during the pandemic. "The way we're looking at this, we have 22 dispensaries open right now with more than $65 million plus in less than a year, said Hardin. "It's really feasible that next year we're going to sales of 100 million dollars plus if not more than that. As several businesses have struggled over the last month, two months, medical marijuana has not been one of those.""Marijuana, even being medical is still recognized as illegal under federal law and all of those loans they're issuing are coming from the federal government so according to them, we're not eligible for those loans," said Kyle Campbell, a manager with the ReLeaf Center dispensary in Bentonville. "With our increase in business we've been very fortunate in that aspect so we aren't really looking to get a loan like some of these other businesses around here locally."According to Scott Hardin with the department of finance administration, medical marijuana in Arkansas has seen record growth, even during the pandemic.Advertisement"The way we're looking at this, we have 22 dispensaries open right now with more than $65 million plus in less than a year, said Hardin. "It's really feasible that next year we're going to sales of 100 million dollars plus if not more than that. As several businesses have struggled over the last month, two months, medical marijuana has not been one of those."Loading more articles...

AdvertisementArkansas medical marijuana dispensaries don't qualify for federal aidHide TranscriptShow Transcript40/29 NEWS DURING THE CORONAVIRUS PANDEMIC THOUSANDS OF BUSINESSES ACROSS THE COUNTRY AND HERE IN ARKANSAS HAVE APPLIED FOR FEDERAL. ASSISTANCE TO HELP THEM STAY AFLOAT, BUT THERE’S ONE INDUSTRY THAT CAN’T GET ANY HELP THAT’S MEDICAL MARIJUANA MARIJUANA BE EVEN BEING MEDICAL IS STILL RECOGNIZED AS ILLEGAL UNDER FEDERAL LAW THAT ALL THOSE LOANS THAT ARE ISSUING YOU’RE COMING FROM THE FEDERAL GOVERNMENT. SO ACCORDING TO THEM WE ARE NOT ELIGIBLE FOR THOSE LOANS, BUT ACCORDING TO A...

Arkansas medical marijuana dispensaries don't qualify for federal aid

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