The past two years have been milestones for cannabis legalization in the U.S., with Arizona, Montana, and New Jersey passing legislation in 2020, and New York, Virginia, New Mexico, and Connecticut following in 2021. This year, Rhode Island joined its neighbors in passing adult-use cannabis, bringing the total number of recreational state programs to 19. With Rhode Island leading, 2022 stands to be another landmark year with six states voting on cannabis legalization ballot measures this November.
Expected Sale Start: March 8, 2023.
Type: Limited license market.
Ballot Predictions: According to a recent survey, a majority of Arkansas voters support the legalization of marijuana with 53.5% of voters saying it should be, “Legal for adults” while 32% said it should be, “medical only.”
Overview: If passed, the Arkansas Marijuana Legalization Initiative would allow adults 21 and older to purchase and possess up to an ounce of cannabis. It will authorize the cultivation and sale of cannabis by licensed commercial facilities, and provide for the regulation of those facilities.
- Existing medical marijuana license holders could open an additional adult-use-only retail dispensary.
- 40 additional dispensary licenses would be awarded through a lottery by July 5, 2023.
- 12 additional cultivation licenses by Nov. 8, 2023.