An Auburn-based company that runs four of the eight medical marijuana dispensaries in Maine fired back at its extraction partner Wednesday by filing a complaint in Cumberland County Superior Court. Wellness Connection of Maine filed the 33-page civil action seeking an unspecified amount of damages for breach of contract against CanWell, a company that extracts […]
Acreage Holdings Inc.
The Ohio Board of Pharmacy concludes that Harvest Health and Recreation and Acreage Holdings Skirt Equity and Transfer Rules COLUMBUS – Two companies are coming under fire for allegedly lying on their applications to sell medical marijuana in Ohio and violating rules for the state’s highly regulated program. The Ohio Board of Pharmacy, which oversees […]
When it was announced in April 2019, Canopy Growth Corp.’s conditional deal to purchase Acreage Holdings Inc. raised eyebrows not only because of its price tag (potentially exceeding US$ 3 billion in total consideration), but also because of the transacting parties’ apparent willingness to test the boundary of U.S. anti-money laundering law (“AML”). Canopy is a […]
The nascent marijuana industry has made significant strides over the past several years. Illinois is poised to become the 11th state to allow recreational cannabis sales, after lawmakers last week voted to pass legislation considered to represent the most progressive adult–use bill in the country. The passage of the Farm Bill late last year legalized hemp and declassified it […]
First in a series. Robert Leidy, scion of a wealthy Palm Beach family, struck a serious pose that night before officials in the small town of Athol. In a dark suit and tie, he fixed his gaze on a careful script. There was no mention of the deep-pocketed investors backing him or the fishing yacht […]