Connect with us

News

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

Published

on

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.

Governor Maura Healey

Marijuana Retail Report

Published

on

By

Marijuana Retail Report



Healey’s team has not given any clues about who the governor is considering

Shannon O’Brien fought in court to get her old job back as chairman Hemp Commission.

Now, just nine months after O’Brien finally prevailedshe is kicked out again—this time because of the law. And I hear she’s not the only one on the way out.

You may remember the drama surrounding the agency that oversees one of the state’s newest billion-dollar industries: O’Brien encountered with the state treasurer Deb Goldbergwho first appointed O’Brien to the post, over a a former assistant to Goldberg who once managed the employees of the Central Committee. The fight became public, and uglylike Goldberg suspended O’Brien in 2023 and then fired her next year.

Although O’Brien was able to return, a more major shakeup is currently underway. That’s because one of the many changes included in the industrial reform bill that Gov Mora Healy signed last month cuts the commission from five to three and gives Healey sole authority to select them.

To read the rest of this Boston Globe article, Click here

Continue Reading

minnesota

Minnesota House OKs Cannabis Bill With New License, Streamlined Supply Chain

Published

on

By

Minnesota House OKs Cannabis Bill With New License, Streamlined Supply Chain

The general cannabis bill of 2026 would create a macro business license, unify the supply chains for medical and adult use, and provide relief to hemp businesses facing federal headwinds.

Rep. Jessica Hanson (DFL-Burnsville) said the bill she’s sponsoring won’t change what’s working in Minnesota’s cannabis industry, it will tweak what the industry wants to tweak and license medical cannabis “to the right extent.” She calls it a “collaborative effort” involving more than 80 stakeholders and meeting weekly for the past three months.

“Everyone on this task force has jumped into the trenches to help thread the needle to create the solutions that this bill offers today,” Hanson said.

The house passed HF4203/SF4401* by a 92-42 vote on Sunday. As it was amended by a House committee, the Senate later passed the bill again 34-33.

Rep. Nolan West (R-Blaine) praised the bill, saying the rules “were absolutely tough” on businesses and the bill would improve many areas of the rules.

“With the changes we’re seeing here, we’re fixing all the problems that are in this market, opening up a little more opportunity for people to succeed and for us to have a thriving market that’s not dominated by a few players,” he said of the venture business, where access to capital is often a barrier.

West praised the bill as “at least opening the door” for businesses to attract investment, allowing an individual to hold up to four social capital licenses with up to 33% ownership.

For Hanson, one of the most important provisions of the bill would be to fix the section of the medical cannabis industry.

“Patients face limited access to medical products from only a few companies, and they are adults and children with chronic conditions such as epilepsy, cancer, debilitating autoimmune diseases and other conditions where cannabis can truly change lives,” she said.

To read the rest of this article on House Minnesota.gov, Click here

Post Minnesota House approves cannabis bill with new supply chain-optimized license first appeared on Marijuana Retail Report – News and information for cannabis retailers.

Continue Reading

New York

Marijuana Retail Report

Published

on

By

Marijuana Retail Report

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media