skip to Main Content
Marijuana company Curaleaf fined $250,000 for not asking permission for change of ownership

The Cannabis Control Commission fined Wakefield-based marijuana company Curaleaf $250,000 for failing to disclose a change of ownership and ask permission from state regulators before completing the transaction.

The agreement, signed Thursday by the commission and Curaleaf, reads, “In assessing this fine against Respondent, the Commission acknowledges that Respondent’s violation was the result of Respondent’s good-faith but mistaken interpretation of the Commission’s regulations, that Respondent has fully cooperated with the Commission’s investigation, and that the Respondent has accepted responsibility.”

Cannabis Control Commission Chairman Steven Hoffman said the company has been “very constructive and collaborative” in addressing the problem. “I think they were wrong, but I can understand they were acting in good faith,” he said.

Curaleaf is the largest marijuana company in the U.S. It has medical marijuana dispensaries open in Hanover and Oxford. It has received provisional licenses to sell recreational marijuana in Oxford and grow marijuana and manufacture products for the recreational market in Webster. The company has applied for licenses to open stores in Ware and Provincetown. [Read more at MassLive]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Marijuana may make sleep worse, especially for regular users, study finds

It’s a common assumption among marijuana users: Using weed will help you fall asleep and stay asleep. Scientists, however, aren’t so sure that’s true. “This is an understudied but important area, as many people are increasingly turning to cannabis products as sleep aids,” said sleep specialist Wendy Troxel, a senior behavioral scientist at RAND Corporation, who was not…

What’s In a Number? Why You Should Be Thinking About Your ‘Perfect Order Index’

As the cannabis industry matures, executives have increasingly more access to data to analyze around how efficiently and how accurately they are fulfilling their customers’ demands. It’s paramount to success. Fail to honor your promise to your customer, and they will go elsewhere in the market. Competition is fierce. Fortunately supply chain experts have developed…

Master Grower or Master Electrician? Why Keeping Trades Separate Makes Good Business Sense

The tendency for many cultivation start-ups—especially those new to horticulture—is for the head grower to wear many hats. Although it’s tempting to have your team’s cultivation expert advise on everything under the sun, few are qualified to do so. Your master grower is not your master electrician. Unless your grower has an engineering degree, leave…

Lessons in Cannabis Sales & Distribution from 20 Years in the Game, Part 1

Jared Kesselman is a Los Angeles native who has earned his living professionally in the cannabis industry since 2000. In 2021, he wrote the critically acclaimed book “The Business of Cannabis: A Blueprint to a High Income.” He has been on the front lines as a sales rep visiting ten or more dispensaries each day…

More Categories

Back To Top
×Close search