A Maryland real estate investment trust is seeking control of a Missouri marijuana business as it says some $22 million is owed on a back note. Viridescent Realty Trust Inc. said in a lawsuit filed Friday in St. Louis County Circuit Court that in 2021 it made a loan to the business, with entities carrying the name Blue Arrow, tied to John Wilbers and Laura Wilbers. Wilbers, a … [Read more...] about Receiver sought for marijuana business after $22M default
Missouri
Cannabis regulators concerned about predatory practices in Missouri’s social equity program
Division of Cannabis Regulation Director Amy Moore said her team shares the concern about predatory practices, and that’s why the division previously issued warnings to applicants (Rebecca Rivas/Missouri Independent). Cynara Velazquez became familiar with Michael Halow over the summer. Velazquez is an organizer with the California nonprofit called Cannabis Education Project … [Read more...] about Cannabis regulators concerned about predatory practices in Missouri’s social equity program
What’s in your weed? A Missouri state lab to check industry claims
Missouri plans to spend millions from state marijuana taxes on a laboratory to help regulators keep tabs on the safety and potency of more than $1 billion of joints, edibles and other cannabis products sold annually across the state.Health experts and consumer groups applauded the added regulatory check, outlined in an Oct. 11 report about Missouri’s cannabis industry. A dozen … [Read more...] about What’s in your weed? A Missouri state lab to check industry claims
Missouri pulls more than half of social equity cannabis licenses
The state's health department cited eligibility concerns, amid allegations of exploitation. Missouri regulators denied certification for a slew of social equity marijuana licenses issued in a recent lottery, citing eligibility issues. The state health department announced last week that only 25 of the 57 microbusiness licenses issued in June were certified as … [Read more...] about Missouri pulls more than half of social equity cannabis licenses
Cannabis union drive stalls as company attempts to set national legal precedent
Post-harvest employees at BeLeaf Medical’s Sinse facility await union election results on Feb. 6 at the St. Louis Public Library Barr branch (Rebecca Rivas/Missouri Independent). It’s been more than seven months since employees of St. Louis-based Beleaf Medical cannabis company held an election to unionize. The majority of the ballots — 11 of the 16 — have remained … [Read more...] about Cannabis union drive stalls as company attempts to set national legal precedent
Marijuana investors used ‘predatory’ contracts to snatch up Missouri microbusiness licenses
Missouri's microbusiness program was sold as a way to help victims of the War on Drugs get a toehold in the burgeoning industry. But contracts reveal out-of-state companies or industry insiders repeatedly attempted to use qualified applicants to win the licenses and then shut them out of the profit. Destiny Brown thought she had been recruited last year to own and operate a … [Read more...] about Marijuana investors used ‘predatory’ contracts to snatch up Missouri microbusiness licenses
Swade Cannabis acquires Eureka dispensary
Swade Dispensary general manager Maxwell McAnallen places a sign for a dedicated cash register for holders of medical marijuana cards as the store gets ready to sell recreational weed on Thursday, Feb. 2, 2023 in the St. Louis part of the Delmar Loop. The dedicated register will allow cardholders to avoid standing in expected long lines for recreational use. Swade Cannabis, a … [Read more...] about Swade Cannabis acquires Eureka dispensary
‘Unprecedented’: Second massive Missouri cannabis recall leaves some companies scrambling
Missouri's Division of Cannabis Regulation has issued a product recall for marijuana products sold by C&C Manufacturing, LLC and NGWMO LLC (Courtesy of DHSS). State regulators issued two cannabis recall notices last week involving 135,000 marijuana products — more than double Missouri’s first massive cannabis product recall exactly one year ago. “I’ve never seen recalls of … [Read more...] about ‘Unprecedented’: Second massive Missouri cannabis recall leaves some companies scrambling
Missouri cannabis leader accused of using ‘predatory’ contracts to win social-equity licenses
“We made history,” said John Payne, center, campaign director for the group Legal MO 2022, as he and other supporters celebrate passage of Amendment 3 to legalize recreational marijuana in Missouri, during an election night watch party on Tuesday, Nov. 8, 2022, at Ballpark Village. When John Payne was leading the campaign to legalize recreational cannabis in 2022, he faced a … [Read more...] about Missouri cannabis leader accused of using ‘predatory’ contracts to win social-equity licenses
Hartsburg cannabis microbusiness license approved in second round of lottery; Ashland denied
Missouri’s Division of Cannabis Regulation (DCR) issued 57 marijuana microbusiness licenses to top applicants drawn in the June 4th random lottery. DCR issued two types of licenses: dispensary and wholesale. A microbusiness dispensary facility is licensed to engage in the process of dispensing marijuana product for medical or adult use. A microbusiness wholesale facility is … [Read more...] about Hartsburg cannabis microbusiness license approved in second round of lottery; Ashland denied
