Curaleaf fined $250K for Massachusetts marijuana ownership snafu

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Massachusetts-based Curaleaf was fined $250,000 for failing to disclose a change of ownership structure related to its cannabis operations in the state.

The fine relates to Curaleaf Massachusetts changing its status from not-for-profit to for-profit but not detailing additional changes as parent company Curaleaf started trading on the Canadian Securities Exchange (CSE), according to MassLive.com.

The Cannabis Control Commission said Curaleaf made a mistake but had essentially acted in good faith, the news outlet reported.

The company has also faced problems over medical claims it has made about its CBD products.

Curaleaf trades on the CSE under the ticker symbol CURA.

More details on the Curaleaf situation can be found here.