Fayetteville could soon be on the ground floor of the state’s medical marijuana industry.
City Council members on Tuesday voted 7-1 to sell 5 acres in south Fayetteville’s Commerce District for $75,000 to Brian Faught, owner of AR-Canna LLC. Faught plans to use the land to build a medical marijuana growing facility if he’s approved for a cultivation license from the state later this year.
Plans call for a 30,000-square-foot cultivation and processing plant and a 5,000-square-foot office complex on Industrial Drive south of Pump Station Road. Faught hopes to hire 35-40 hourly employers at a starting wage of $15 per hour, 3-5 managerial employees with an annual salary of $50,000-$70,000, and two senior managers who’ll make $75,000-$125,000 per year, according to a staff memo.
Faught said he’ll use a Fayetteville architecture firm for the plans and construction drawings of both buildings. AR-Canna will hire a local contractor to oversee all aspects of the construction, the memo states. The land offers enough space, Faught said, to build a second or third cultivation facility as the industry matures.
“We truly believe that AR-Canna will be a welcome and productive member to the Fayetteville business community,” Faught wrote in a letter to aldermen.
Voters in November approved the Arkansas Medical Marijuana Amendment, which legalized medical marijuana and established the Medical Marijuana Commission. The law allows between four and eight cultivation facilities, but the commission in December voted to initially allow five facilities.
The application period for potential facility owners will open July 1, but it could be November before any approvals are in place, Faught said.
The Fayetteville land sale contract is contingent upon Faught’s approval, and will expire at the end of the year if no decision has been made.
Alderman Justin Tennant said he was concerned about