Selling Over 1800 Expired Cannabis Products Cost This Arkansas Dispensary Its License, Owner Plans To Appeal

Zinger Key Points
  • Arkansas-based Green Springs Medical Marijuana Dispensary has allegedly been selling expired products.
  • The dispensary lost its right to sell cannabis following the Alcoholic Beverage Control Division’s decision to revoke its license.
Loading...
Loading...

An Arkansas medical dispensary lost its right to sell cannabis following the Alcoholic Beverage Control Division's decision to revoke its license, reported Arkansas Advocate.

Hot Springs-based Green Springs Medical Marijuana Dispensary, owned by Dragan Vicentic, has allegedly been selling expired products.

"The revocation is the result of ongoing violations, most recently for selling more than 1,800 expired products," ABC's news release states. "ABC enforcement agents conducted an undercover purchase of expired products in October 2023 following a verbal warning regarding these products."

Vicentic who plans on appealing ABC's decision to its board, said the agency inspected his store on two occasions last year, adding he fought for a reduction of the fine citing the issues at hand were "fully explainable."

"I thought the fine amount would be reduced because of my satisfactory explanation, and the next thing I knew, the director asked for a revocation of the license, which I thought was very extreme," Vicentic said.

Green Springs' prior violations of the state's medical cannabis law include:

  • Failure to maintain sanitary processing areas
  • Failure to meet required standards for inventory information
  • Failure to maintain accurate personnel records
  • Failure to maintain video surveillance on the property
  • Lack of commercial-grade locks at the facilities
  • Improper signage

Meanwhile, ABC has been diligent in keeping the state's medical cannabis market in order and Arkansas residents, who spent $283 million on medical cannabis in 2023, safe.

Last year it fined Leafology, one of Arkansas’ eight licensed cannabis growers, with over $10,000 for violations such as improper record management, not having proper video surveillance and not containing odor as required under the law.

The state’s medical marijuana industry hit a $1 billion mark in total since the first cannabis store kicked off sales in 2019. Arkansas gave the green light to the constitutional amendment that endorsed medical marijuana for 17 qualifying conditions in November 2016.

Interested in the latest cannabis policy updates? Join us at the highly-anticipated Benzinga Cannabis Capital Conference which returns to Chicago this October 8-9. Get your tickets now before prices surge by following this link.

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsRegulationsRetail SalesAlcoholic Beverage Control DivisionArkansas cannabisDragan VicenticGreen Springs Medical Marijuana DispensaryLeafologymedical cannabis
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...