LITTLE ROCK, Ark. (KTHV) - Anyone wanting to grow or sell medical marijuana in the state has turned in their application and now we wait. The Medical Marijuana Commission will choose from applicants based on a merit system.

Some applicants slept outside the ABC Board building overnight Sunday to be first in line to turn theirs in Monday morning. In total, roughly 300 applicants were turned in. We’re told 70 to 100 applications were submitted to open a cultivation facility where five will be accepted and about 200 dispensary applications were submitted where 32 will be accepted.

"We’ve really been working very hard for several months," said Sheila Wagnon.

Each box or binder full of papers represents a cannabis business plan that includes the hopeful owners history, where he or she wants to locate the business, security plans, their relationships to doctors or pharmacists, and anything else that will prove they are the best out of hundreds to grow or sell medical marijuana.

"It just explains your group and how you got there and what your objectives are," said Sterling Delapp who turned in a 2,500 page application for a cultivation facility in Crawford County. “We have a strong application and what were focused on right now is helping out our patients."

He's teamed up with Brian Westney, who created his security systems.

"The state of Arkansas has put a lot of good regulations on it, really strict regulations and we felt there was a potential to get involved in especially with the transportation and delivery aspect," said Westney.

These applications have taken months to put together. Each one consists of at least hundreds, sometimes thousands of pages.

“There’s obviously a lot of competition so we’ll see what happens,” said Chris Stone who is now working with two Arkansas pharmacists.

Stone already has several dispensaries in Illinois.

“We have about 1,700 patients right now that we provide regular medication to," said Stone.

Five cultivation facility licenses and 32 dispensary licenses will be granted.

“For me personally, it’s been a wonderful experience whether we're awarded a license or not, I’ve learned so much," said Wagnon.