Natural State Medicinals

What Natural State Medicinals does

Natural State Medicinals (NSM) is a privately held, Arkansas-licensed medical cannabis cultivator and product manufacturer founded in 2019 and headquartered in Little Rock, Arkansas. The company produces three core product lines — hand-trimmed cannabis flower (NSM Flower), pre-filled vape cartridges marketed as raw, unprocessed cannabis oil (NSM Raw Carts), and cannabis-infused gummies (NSM Gummies) — all positioned as lab-tested for potency and purity and cultivated using what the company describes as advanced extraction techniques aimed at preserving cannabinoids and terpenes.

NSM operates a wholesale-only B2B business model, selling exclusively to licensed Arkansas dispensaries that serve qualified medical cannabis patients holding Arkansas Department of Health-issued patient cards. The company does not sell directly to consumers; instead, it supports patient acquisition through a website-based dispensary locator utility, organic social channels (Instagram and LinkedIn), and branded patient testimonials. Pricing is not publicly disclosed and is effectively set at the dispensary retail level rather than by NSM.

The company operates within a single-state market (Arkansas), has 51–100 employees, and shows no disclosed funding rounds, acquisitions, executive leadership, or M&A activity. No parent company or institutional ownership structure is publicly identified. NSM is, in effect, a regionally focused craft-positioning cannabis brand whose competitive position is anchored to its state license, cultivation process, and dispensary relationships rather than to scale, technology platform, or capital structure.

Name

Natural State Medicinals

Legal name

Natural State Medicinals

Website

https://naturalstatemeds.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Natural State Medicinals is an Arkansas-licensed medical cannabis cultivator that wholesale-supplies hand-trimmed flower, vape cartridges, and gummies to licensed dispensaries serving the state's qualified medical cannabis patients.

Ownership category

akta.pro rank

Product category

Medical Cannabis Cultivation and Manufacturing

NAICS

Medicinal and Botanical Manufacturing (325411)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Medical Cannabis Dispensaries (CRANAFAB)

Keywords

• Medical cannabis cultivation
• Cannabis product manufacturing
• Cannabis wholesale distribution
• Medical marijuana products
• Pharmaceutical-grade cannabis

Headquarters

HQ city

Little Rock

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Cannabis Product Sales: NSM generates revenue by cultivating and manufacturing premium medical cannabis products and selling them wholesale to licensed dispensaries across Arkansas. The company produces various product forms including flower, gummies, and cartridges (carts) distributed through partner dispensary locations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Natural State Medicinals cultivates and manufactures premium medical cannabis products in Arkansas, offering hand-trimmed flower, cannabis-infused gummy edibles, and pre-filled raw cannabis oil vape cartridges. The company produces these products using advanced extraction techniques and sustainable cultivation practices, and distributes them wholesale to a network of licensed Arkansas dispensaries that serve qualified medical cannabis patients holding Arkansas Department of Health patient cards.

Product overview

Natural State Medicinals is an Arkansas-based medical cannabis cultivator and producer operating as a single-brand portfolio company. The company supplies premium, lab-tested cannabis products to partner dispensaries across Arkansas, offering three main product lines: hand-trimmed cannabis flower (NSM Flower), cannabis vape cartridges (NSM Raw Carts), and cannabis-infused edibles (NSM Gummies). Products are developed using advanced extraction techniques and are marketed as being rich in cannabinoids and terpenes.

Differentiator

Problem solved

Functional benefit

Named customers1 record

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Arkansas Dispensary PartnerscoreChannel Partner/ Reseller/ DistributorNSM distributes its premium medical cannabis products through a network of licensed Arkansas dispensaries. The company refers to these partners as key to their distribution strategy, providing a utility on their website to help patients find dispensaries carrying NSM products. Dispensary partners are invited to contact NSM's sales department for partnership inquiries.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• Bold Team: Bold Team is an Arkansas-licensed medical cannabis cultivator operating in the same state market as NSM. As a fellow Arkansas cultivator competing for the same dispensary shelf space and patient base, it is one of NSM's most direct local peers.

Broad incumbents

• Columbia Care (The Cannabist Company): Columbia Care, now operating as The Cannabist Company, is a multistate medical cannabis operator with cultivation and dispensary operations. Comparable to NSM as a medical-first cannabis producer serving patient populations through dispensary partners.
• Glass House Brands: Glass House Brands is a California-focused cannabis cultivator with large-scale greenhouse production and branded wholesale distribution. Comparable to NSM as a cultivation-led, brand-forward producer selling premium flower and derivatives to dispensaries.
• Trulieve Cannabis: Trulieve is a leading U.S. multistate medical and adult-use cannabis operator, with strong cultivation capabilities and a deep dispensary network, particularly in the Southeast. It shares NSM's medical-first heritage and cultivation-driven business model, but at national scale.
• Ayr Wellness: Ayr Wellness is a multistate cannabis operator with cultivation, processing, and retail across the U.S. Comparable to NSM in producing and wholesaling branded medical-grade cannabis products to dispensaries, though Ayr operates in more mature state markets.
• Green Thumb Industries: Green Thumb Industries (GTI) is a national cannabis consumer packaged goods company with cultivation, processing, and retail across multiple states. Comparable to NSM as a premium, brand-driven cannabis producer leveraging wholesale and retail distribution.
• Cresco Labs: Cresco Labs is a multistate cannabis operator focused on branded wholesale and retail, with strong cultivation operations. Comparable to NSM in producing branded, lab-tested medical-grade cannabis products distributed through dispensary partners.
• Verano Holdings: Verano is a multistate cannabis cultivator and retailer operating premium brands across multiple U.S. states. Comparable to NSM in producing premium flower, vapes, and edibles distributed through dispensary networks, but at significantly larger scale.
• Curaleaf Holdings: Curaleaf is one of the largest U.S. multistate cannabis operators with cultivation, processing, and dispensary operations across dozens of states. It is comparable to NSM as a vertically integrated cannabis producer, though at vastly larger scale and broader geographic footprint.
• Tilray Brands: Tilray Brands is one of the largest global cannabis operators, with cultivation, processing, and branded distribution across multiple U.S. states and international markets. Comparable to NSM as a producer of branded flower, vapes, and edibles, though at vastly greater scale and diversification.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/natural-state-medicinals
• Instagraminstagram.com/naturalstatemeds

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Natural State Medicinals