Alex Gray went all in on medical marijuana. A Little Rock lawyer, Gray rose to prominence by crafting the constitutional amendment to expand casino gambling in Arkansas that voters approved in 2018, but has largely turned his attention to the medical marijuana market, another industry that the conservative Natural State is slowly embracing and which stands to generate a lot of money for participating businesses. He’s now co-owner of both a medical marijuana cultivation facility and a dispensary in Arkansas, and of cultivation facilities in Louisiana and Missouri. He and other investors are primed to open a grow operation in Mississippi and continue to expand throughout the Southeast as the ever-evolving market continues to open up.
All of the operations Gray co-owns carry the name Good Day Farm, but because Arkansas and other states have certain in-state ownership requirements, the ventures aren’t owned by an umbrella Good Day Farm corporation, but rather a string of limited liability companies in various states with common investors.
In November 2020, Gray’s Good Day Farm Arkansas LLC purchased one of Arkansas’s eight cultivation licenses from Natural State Wellness Enterprises of Newport. Good Day Farm received approval for a construction permit in December and the go-ahead