Compliance: Page 3

Canopy Growth Faces Possible Delisting From Nasdaq Upon US Entrance

Company officials stated there is no assurance that Nasdaq will harmonize its general policies with SEC’s accounting guidance.

California Unified Cannabis Enforcement Taskforce Seizes 7,503 Illicit Cannabis Plants in Second Operation

The UCETF served 13 search warrants between Oct. 18 and 19 and seized roughly $8 million worth of illicit cannabis.

Michigan’s New Top Cannabis Regulator Takes Aim at Bad Actors

Brian Hanna, who was appointed the Cannabis Regulatory Agency’s acting executive director last month, met with media members this week.

SEC Charges Canadian Cannabis Company, Former Senior Executive With Accounting Fraud

The SEC officials found the company violated the antifraud, reporting, books and records, and internal controls provisions of the federal securities laws.

Trulieve Issues Statement on Media Coverage of Massachusetts Worker Death

The multistate cannabis operator’s officials “stand by our record” of providing health protections to their workers.

3 Former CannTrust Executives Face Fraud, Insider Trading Charges

The lawsuit involves the Ontario Securities Commission’s first court proceedings involving a publicly traded cannabis company.

Gov. Newsom’s Unified Enforcement Task Force Seizes More Than $15 Million of Illegal Cannabis

The task force eradicated 11,260 illicit cannabis plants and 5,237 pounds of processed illegal cannabis during an investigation Oct. 4.

Understaffed Mississippi Cannabis Regulators Issuing Corrective Actions, Not Fines

One licensee was allegedly cultivating cannabis in hoophouses, a violation of state law requiring indoor operations.

Oregon Detectives Demolish 113 Illicit Cannabis Greenhouses, Issue $1.2M in Fines

The Illegal Marijuana Enforcement Team eradicated nearly 8,700 plants and 7,100 pounds of processed cannabis in the Southern part of the state.

Verano Bets $5 Million to Enter Virginia Medical Market

The multistate cannabis operator entered into an agreement to acquire MedMen’s PhamaCann Virginia LLC, which has a license tied up in litigation.

ASTM International Cannabis Committee Approves New Suite of Cannabis Standards

The committee released four standards Oct. 3 and one Oct. 10.

Regulators Issue 30-Day Suspension, $75K Fine to Detroit Cannabis Licensee

The disciplinary action against The House of Mary Jane comes after the Michigan medical operator had unmarked bags without tracking numbers.

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