Marijuana Panel Rejects Sale of 2 Dispensary Licenses – Arkansas Business Online

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The Arkansas Medical Marijuana Commission rejected the sale of two medical marijuana dispensary licenses Tuesday evening, signaling frustration with licensees attempting to sell without having made significant progress toward opening their outlets.

The five-member panel, meeting near the state Capitol, voted unanimously to reject the sale of Pine Bluff Agriceuticals near the Pine Bluff airport and Arkansas Patient Services of Warren (Bradley County).

The two transactions would have been complete changes in ownership, and Commissioner Travis Story reflected the consensus view that letting licensees who have made little progress sell their licenses just six months before renewal would be unfair to license applicants who fell just short of qualifying. “It’s frustrating when it seems that people [some dispensary licensees] haven’t even taken the first step. To sell it before renewal, it raises a fundamental fairness issue.”

Pharmacist and drugstore owner Nikki Hood and her husband, farm manager Andrew Hood, had hoped to buy Arkansas Patient Services in Warren from owners Justin Pickens and Adrian Ray. The seller in Pine Bluff would have been Michael Wilkins, who won the license in tandem with his wife, Teresa Ann Wilkins. The buyer in that deal would have been Robert Lercher, customer service chief for marijuana cultivator Bold Team LLC of Cotton Plant and husband of Bold co-owner Kyndall Lercher, who recently bought the dispensary license for a different Pine Bluff site, Pain Free RX on Mallard Loop.

Commissioners expressed sympathy for the Hoods, who had applied for a dispensary license under the name Wild Weeds of Arkansas, because they had been a part of the process from early on. But they also noted that the Hoods had withdrawn their application for a license, basically erasing that distinction.

None of the potential buyers and sellers attended the

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