Cannabis Licenses Hang In Balance: Alabama Regulators Agree To Discuss Ongoing Legal Battles
Portfolio Pulse from Jelena Martinovic
Alabama's cannabis regulators are set to meet with potential producers and distributors of medical marijuana to resolve ongoing litigation concerning the state's faulty license allocation process. The Alabama Medical Cannabis Commission (AMCC) has been sued multiple times by companies that either didn't receive a license or scrapped it following AMCC's two failed attempts to award them. Among the companies involved in the legal disputes are Alabama Always LLC and Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF).
September 08, 2023 | 3:07 pm
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Verano Holdings Corp. is involved in a legal dispute with the Alabama Medical Cannabis Commission over the allocation of cannabis licenses.
The ongoing legal dispute could potentially disrupt Verano Holdings Corp.'s operations and plans in Alabama, which could negatively impact the company's stock price in the short term.
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