Cannabis company Alabama Always LLC has been in a legal spat with the Alabama Medical Cannabis Commission (AMCC). Now the company is accusing the commission of improperly deleting meeting recordings, which it considers key evidence for the case.
What Happened: According to AL.com, Alabama Always, which invested $5 million in a Montgomery-based marijuana cultivation and processing facility, says the recordings could shed light on "legal problems and inconsistencies with [the state's] licensing process."
Alabama Always is among seven other companies that applied for licenses.
See Also: Alabama's Cannabis Industry Faces Uncertainty As Controversy And Lawsuits Rock Its Licensing Program
The AMCC insists that it will proceed with awarding licenses, and that meeting minutes were not deleted since the lawsuit began. The Open Records Act doesn't necessitate their preservation, the regulators said.
Why It Matters: "We need complete openness and transparency in this process," said Ben McNeil, an investor and board member of Alabama Always.
The company's licensing bid was among those paused amid concerns of inconsistencies in the selection process.
See Also: Study Shows Medical Marijuana Use On Continued Rise Nationwide, Used For Various Medicinal Purposes
Insisting on the importance of facility inspections, company attorney Will Somerville stated, "They just need to review the actual applicants, the sites, and make a decision based on the criteria."
Despite the current halt, the company is ready to commence operations within 60 days of receiving a license, as they remain hopeful about becoming a part of Alabama's new medical cannabis industry.
Meanwhile, in Illinois, the 17th edition of the Benzinga Cannabis Capital Conference is returning to Chicago on Sept 27-28. Don't miss this exclusive opportunity to immerse yourself in the ever-changing dynamics of cannabis regulations at both state and federal levels. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Image Credits: Bukhta Yurii And ChonnieArtwork On Shutterstock Edited By Benzinga
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!