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Suffolk County Sheriff Arrested For Allegedly Pressuring Cannabis Firm To Buy Stock

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10 months ago

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Suffolk County Sheriff Arrested For Allegedly Pressuring Cannabis Firm To Buy Stock

Suffolk County Sheriff Steven Tompkins, 67, has been charged with Two Couns of Extortion for Allegedly Pressing A Boston-Based Cannabis Company to Sell Him Stock While It Was Preparaing For An Initial Public Public Offer In 2020. Federal Prosecutors Allege The Company Feared Rejectioning Tampkins Could Jeopardize its Partnership with a Sheriff’s depratment program that placed former in jobs there – poantially threatening its exploit license and iPoo. Trial submission states that Tampkins have connected $ 50,000 from its retirement account to buy stocks that initially grew at the price before declining. When the actions fell in 2021, he allegedly demanded and received a full return issued through five checks marked as “repayment of the loan”.

Tampkins, who oversees about 1000 employees, was taken to Federal Trustees in Florida and will appear in the US District Court in Boston. The sheriff, which previously fined $ 12,300 in 2023 for counters and the use of staff for personal instructions, threatens up to 20 years in prison for each count, three years under oversight and fine of $ 250,000. Neither his lawyer nor the Sheriff’s department commented on the case.

Message Sheriff County Sufolk arrested for alleged pressure on cannabis to buy stocks appeared first further Retail Marijuana Retail Report – News and Information for Cannabis sellers.

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Federal

Anti-Rescheduling Parties Ask Court To Stay Schedule III Cannabis Order

Published

13 hours ago

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June 12, 2026

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Anti-Rescheduling Parties Ask Court To Stay Schedule III Cannabis Order

A national organization that promotes drug-free workplaces and a pharmaceutical company that specializes in cannabinoids filed a petition in federal court on June 9 to try to stop the Trump administration’s immediate devolution of medical cannabis.

The National Drug and Alcohol Administration Association (NDASA) and MMJ International Holdings, whose subsidiary has an active DEA Schedule I analytical laboratory registration, asked the U.S. Court of Appeals for the District of Columbia Circuit on April 22 to stop U.S. Attorney General Todd Blanche from acting. signed an order reclassifying the state license for medical cannabis to Schedule III until the court case to set aside the entire order is decided.

The plaintiffs argue that the court must consider four factors:

  1. A lawsuit between the human rights group NORML and the Drug Enforcement Administration (DEA) nearly 50 years ago;
  2. The transfer order “illegally” bypassed regulatory notice and comment;
  3. Two plaintiffs will “suffer irreparable harm” without a stay; and
  4. The balance of equity and public interest.

To read the rest of this article on Cannabis Business Times, Click here

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News

Marijuana Retail Report

Published

2 days ago

on

June 11, 2026

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Marijuana Retail Report



Trulieve has completed a corporate restructuring

Trulieve Cannabis Corp. was the first An American cannabis company has received approval to list on a major US stock exchange.

The voting subsidiary of the Tallahassee, Florida-based company is expected to begin trading on the New York Stock Exchange on Wednesday under the ticker TRLV, the company said in a statement on Friday.

“As the first US cannabis company to go public on a major US exchange, we are excited about the opportunity to expand our shareholder base, increase liquidity and increase awareness of the benefits of medical marijuana,” said Trulieve Founder and CEO Kim Rivers.

“The move to the NYSE is an important development for Trulieve and the industry.”

To read the rest of this article on MJ Biz Daily, Click here

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AB 2697

Marijuana Retail Report

Published

3 days ago

on

June 10, 2026

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Marijuana Retail Report



Under AB 2697, businesses would need approval from local jurisdictions

The California Senate Committee approved and passed the Assembly bill that would allow marijuana retailers to offer drive-through windows serve customers.

The measure, which passed the Senate Business, Professions and Economic Development Committee on a 7-3 vote Monday, says licensed cannabis retailers and micro-businesses with storefronts can sell marijuana products “to a customer in a vehicle in a drive-thru located on the premises.”

Under AB 2697 by Assemblywoman Gail Pellerin (D), businesses that sell cannabis would need approval from the local jurisdictions in which they operate to add a drive-thru option.

To read the rest of this article on marijuana moment, Click here

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