Alabama Cannabis Saga: Judge Wants Quarrelling Parties To Get Along, Decision Expected Next Week
Portfolio Pulse from Jelena Martinovic
The Alabama Cannabis Industry Association (AMCC) is facing allegations of Open Meetings Act violations. The AMCC has failed to award medical cannabis licenses twice and is now pushing for a third attempt. However, Montgomery Circuit Judge James Anderson has initiated a temporary restraining order halting the licensing process due to a legal action brought by Alabama Always. Verano Holdings (OTCQX:VRNOF) is one of several companies suing the Alabama cannabis regulator for depriving them of their chance to enter the market.
August 29, 2023 | 7:19 pm
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Verano Holdings is suing the Alabama cannabis regulator for depriving them of their chance to enter the market. The ongoing legal issues and regulatory uncertainties could potentially delay the company's expansion plans in Alabama.
Verano Holdings' plans to enter the Alabama market could be delayed due to the ongoing legal issues and regulatory uncertainties. This could potentially impact the company's growth and expansion plans, which could negatively affect its stock price in the short term.
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