Acreage Holdings Admits to "Inoperable" Contracts in Massachusetts
Acreage Holdings (OTC: ACRGF) is at risk of running afoul of Massachusetts law in its dealings with small cannabis businesses in the state. According to a report in The Boston Globe, the company has admitted that a set of contracts it has with two such entities is "inoperable."
The article said that an investigation conducted by the Massachusetts Cannabis Control Commission found Acreage had possibly put itself "in a position to control the decision making" of two companies. Acreage has signed contracts to provide management services and loans to the pair.
These privately held companies, Patient Centric and Health Circle, have each applied for two recreational cannabis dispensary licenses in the state.
Source Fool.com
