Missouri Medical Cannabis Licenses Suspended Over ‘Irregularities’

Missouri Medical Cannabis Licenses Suspended Over ‘Irregularities’
High Times

Regulators in Missouri have suspended four medical weed licenses and ordered products to be destroyed over alleged irregularities at the cannabis operators. The suspensions, which were revealed by the St. Louis Post-Dispatch on Thursday, are part of a compromise agreement that marks the end of a dispute between the licensees and state regulators over reported violations at the facilities. The agreement reached between the director of Missouri’s medical cannabis program and the four businesses directs the licensees to transfer operational management of the facilities to a third-party management firm by June 30. The current licensees will then have until November 30 to find a buyer and exit Missouri’s regulated medical weed industry. “The primary owners of these licenses will not be eligible to own licenses in the future,” said Lisa Cox, spokeswoman for the Missouri Department of Health and Senior Services. Cox added that the agreement “resolves the investigation” into the licensees’ operations. The agreement also calls for the destruction of some cannabis products now held by the facilities or that have been transferred to other licensees. Some medical pot products, however, will be processed into compliant merchandise under the terms of the agreement. “The Department’s approval of the change of ownership or transfer of the licenses is contingent upon Licensees divesting themselves of all product currently in their possession,” the agreement reads. The medical cannabis operators that agreed to the compromise include Archimedes Medical Holdings, a company that has used the brand name Solhaus and holds two cultivation licenses. Another cultivator, FUJM, and Holistic Health, a medical marijuana products manufacturer, are also included in the agreement. All four licenses were issued for operations in Perryville, Missouri. Suspensions Ordered Over Alleged Violations The order to cease operations at one of the medical weed companies lists details of the reported irregularities,…

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Source : Missouri Medical Cannabis Licenses Suspended Over ‘Irregularities’

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