Applying to AACSB accredited B-School MBA with a felony

Hello,

I hope to receive an abundant amount of honest feedback from capable people. Thank you in advance for reading.

In 11/2010 I was charged with Marijuana drug charge in AZ. 3/16/2012 I was convicted of Felony Six Undesignated for Facilitation to Transport Marijuana. Undesignated means AZ courts will downgrade the felony charge to a misdemeanor. I also have the option to set aside the downgraded misdemeanor charge and the charge will be communicated as dismissed on my public record. Sounds like a good deal and it is fine, but now I am applying for MBA online. I am required on all MBA Graduate Admission Applications to divulge my felony conviction. How will this felony effect my chances of being accepted in competitive AACSB Online MBA B-schools?

(My top Online MBA choices include Mississippi State U, South Dakota U, Jacksonville State, Shippensburg U, Frostburg U, University of Houston-Clear Lake, Sam Houston State University, Southeast Missouri State, Kennesaw State University. I like these schools for their affordability and high rankings from several online indicators. Their not the best but still respectable.)

My undergraduate GPA 2.76, I am aiming for a 600 GMAT score, I have good recommendations from highly educated successful people I have worked with, I have worked in sales and business related jobs for 10 plus years, and I plan to write excellent essays. One of my essays I will discuss the charge in a compelling display of motivation. My hope is that the latter application details along with the felony will be acceptable.