Arkansas regulators approved a sixth cultivation license to support a rapidly growing medical cannabis market nearing $100 million in total sales.

Carpenter Farms Medical Group, a minority-owned company, was awarded the license Tuesday, according to the Northwest Arkansas Democrat Gazette.

The Arkansas Medical Marijuana Commission awarded the sixth cultivation license after accepting a settlement agreement that resolved a lawsuit by Carpenter Farms, according to the Democrat Gazette.Currently, only three growers have sold products, but two additional ones are expected to harvest soon.

Read more at MJBizDaily.com