We’ve been tracking Dewmar International BMC Inc (OTCMKTS:DEWM) for quite some time, since the company announced the signing of a licensing agreement with KW Brands, LLC of Louisiana for the purpose of operating Willie’s Duck Diner, owned by Willie Robertson, the star of A&E’s “Duck Dynasty.”
The stock has been rebounding in the month of August so far, and there have also been some updates on the company’s activities in the medical marijuana space.
Dewmar International BMC Inc (OTCMKTS:DEWM) has announced that it partnered with a long-standing Arkansas company in a joint effort to see a cannabis cultivation and dispensary permit to be issued during fourth quarter of 2017.
The Arkansas Medical Marijuana Commission is responsible for awarding licenses for the operation of medical marijuana cultivation facilities and dispensaries pursuant to Amendment 98 of the Constitution of the State of Arkansas of 1874. Amendment 98, also known as The Arkansas Medical Marijuana Amendment of 2016 was voted in by the citizens of Arkansas in November 2016 with a majority vote.
The commission anticipates issuing five (5) cultivation facility licenses and thirty-two (32) dispensary licenses with a maximum of four (4) dispensary licenses in each of the eight geographic zones. Dewmar and its Arkansas affiliate plan to apply for two dispensaries in different zones while singling out one specified location for a cultivation facility.
“Both myself and/or a representative of Dewmar have spent considerable time in Arkansas since December becoming familiar with the business and political landscape within the state. We were fortunate enough to have hired one of the top lobbyists in the State to help us with our goals in Arkansas. His contacts and the introductions he has provided led to my being a guest speaker on the topic of medical marijuana at a local town hall meeting