Medical Marijuana Commission moves meeting to next week, will consider three ownership changes

Winter weather threatening the state has forced the state Medical Marijuana Commission to move its meeting scheduled for tomorrow to next week when it will consider changes to the licenses of two cultivators and a marijuana processor.

The meeting has been moved to 4:30 p.m. on Feb. 9. The agenda will include changes involving Carpenter Farms Medical Group, Good Day Farm’s cultivation license and Mink and Kimball Extracts, a cannabis processor in Marion. 

Carpenter Farms will be seeking to change the ownership of Lindsay Wilkerson who owns 8% of the Grady-based cultivator. If approved, Wilkerson’s share of the business would go to the Lindsay B. Wilkerson Trust, which is controlled by Lindsay Wilkerson, Chad Wilkerson and Donna K. Bottin. The rest of the ownership will remain the same with Abraham Carpenter Jr. owning 91% of the business and Bobbie Carpenter Clark owning 1%. 

Good Day Farm Arkansas LLC, the Pine Bluff-based cultivator, will be seeking a technical change to its ownership documents, changing the natural person licensee from Regina Thurman to Alex Gray. The permittee is the person who is responsible to the state for the business’ actions, including operations and violations, according to Scott Hardin, spokesman for the commission. 

Although the agenda item is called a “change of ownership,” it does not involve the changing of any of the shares of ownership of Good Day Farm.

Mink and Kimball will be asking the commission to approve a change to its ownership shares “to boost capital to start manufacturing and processing, cover operational cost and aid in hiring more staff,” according to the documents the company submitted to the commission. Danielle Buntyon, who owns the entire company, would reduce her shares from 100 to 97 and Barry Thomas would be added to the company with three shares. 

Buntyon listed Memphis as her residence and Thomas listed Olive Branch, Mississippi as his residence in the documents. The state constitutional amendment that voters passed in 2016 to legalize medical marijuana requires that at least 60% of the ownership of a dispensary or cultivator must be Arkansas residents. The amendment does not have a residency requirement for processors.