CURLF - Russian Ties Put Alabama Cannabis Regulators In Hot Water | Benzinga
Alabama cannabis regulator has yet again made headlines. This time, it's about an alleged scandal entwined with a Russian oligarch.
Of course, it all ties back to the Alabama Medical Cannabis Commission's faulty medical cannabis license allocation process that included two failed attempts to grant permits, which then led to a legal spat with numerous cannabis companies that were either left without or stripped of their licenses. Verano Holdings (OTCQX: VRNOF), whose president, Darren Weiss, is one of the featured speakers at the upcoming Benzinga event in Chicago, is just one of them.
According to Alabama Political Reporter, one of the companies that was awarded a highly sought-after Integrated facility license that allows it to operate a cultivation and processing facility, as well as five retail cannabis dispensaries throughout the state, was 3 Notch Roots LLC.
The documents obtained by APR showed that Andrey Blokh, the second-biggest shareholder at cannabis giant Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) who has ties to Russian billionaire Roman Abramovich, partially owns the company in question. He was listed under the "Ownership Resume" portion ...