California-based marijuana giant MedMen released an inaccurate statement this week saying it had signed a definitive agreement to acquire a licensed dispensary from Berkeley Patients Group, one of the nation’s oldest cannabis retailers.
California’s conversion from a two-decades-old medical cannabis gray market to a regulated marijuana industry isn’t going to be easy for companies that are set in the ways they’ve been doing business for years.
In fact, it’s probably going to be downright painful, considering the extra expenses required to become fully compliant and obtain all the necessary permits.
The U.S. Department of Justice is on the verge of dismissing a 3-year-old case against Berkeley Patients Group, according to a press release from the medical marijuana dispensary.
By Tony C. Dreibus
When news broke that U.S. Attorney Melinda Haag is leaving office, some California dispensary owners may have wanted to play a song from the “Wizard of Oz” about the demise of an unpopular character out West.
But don’t celebrate just yet.
