Will Alabama Governor Answer The Call? Coalition Urges Special Session To Amend Medical Marijuana Laws
Portfolio Pulse from Jelena Martinovic
The Alabama Cannabis Coalition is urging Governor Kay Ivey to amend the state's medical marijuana laws to prevent a monopoly in the market. The state cannabis regulator is currently allowed to issue a limited number of licenses for cultivators, processors, dispensaries, and integrated facilities. The coalition's founder, Marty Schelper, proposed a solution to streamline the launch of medical cannabis operations. Meanwhile, lawsuits against the Alabama Medical Cannabis Commission (AMCC) are piling up, with the latest from Medella LLC, Alabama Always LLC, and Verano Holdings Corp.
September 15, 2023 | 5:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Verano Holdings Corp. is involved in ongoing litigation with the Alabama Medical Cannabis Commission over the allocation of cannabis licenses. The company's president, Darren Weiss, is expected to address this issue at an upcoming event.
Verano Holdings Corp. is directly involved in the ongoing legal issues surrounding the allocation of cannabis licenses in Alabama. This could potentially impact the company's operations and reputation, leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80