A 'Fake' Marijuana Union Has California Teamsters Up In Arms
Portfolio Pulse from Joana Scopel
The California attorney general's office is investigating the potential legal implications of interstate cannabis commerce in light of federal prohibition. Three organizations have assured that such commerce would not significantly risk federal enforcement. This follows similar legislation in Oregon and Washington State. The California Cannabis Authority (CCA) believes the Controlled Substances Act (CSA) would not preempt California's moves towards interstate cannabis commerce. In separate news, the Teamsters have raised concerns about a 'fake union' linked to cannabis company Caliva, associated with Jay-Z, which operates under The Parent Co Holding Corp. (OTCPK: GRAM) (OTC:GRAMF).
August 23, 2023 | 8:39 pm
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The Parent Co Holding Corp., associated with cannabis company Caliva, is under scrutiny due to allegations of a 'fake union'. This could potentially impact the company's reputation and operations.
The allegations of a 'fake union' linked to Caliva, which operates under The Parent Co Holding Corp., could potentially lead to legal issues and damage the company's reputation. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100