Tag: CBT > Business Issues/ Benchmarks > Compliance: Page 3

Compliance

Michigan Regulators Suspend Cannabis Licensee, Issue Product Alert

State officials took punitive action against Green Culture for allegedly selling unregulated products contaminated by paclobutrazol, nickel and aspergillus.

November 16, 2022

Finance

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.

November 1, 2022

Compliance

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.

October 27, 2022

Legislation and Regulation

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.

October 26, 2022

Finance

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.

October 25, 2022

Compliance

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.

October 20, 2022

Finance

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.

October 17, 2022

Compliance

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.

October 14, 2022

Compliance

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.

October 13, 2022

Compliance

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.

October 13, 2022

Finance

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.

October 13, 2022

Compliance

ASTM International Cannabis Committee Approves New Suite of Cannabis Standards

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

October 10, 2022