One of the biggest cannabis companies in the U.S. has forfeited its license to make medical cannabis products in Southwest Ohio, paving the way to acquire a more lucrative operation in central Ohio.
Massachusetts-based Curaleaf Holdings Inc. surrendered its processor license April 1 after state regulators informed the company it could not hold more than one license. The provisional license was awarded to the company under its former name PalliaTech Ohio LLC on Feb. 1, 2019 for a site in the village of Amelia in Clermont County.
PalliaTech changed its name to Curaleaf in August 2018 – eight months after it submitted applications to grow, process and sell medical cannabis in Ohio. In May 2019, Curaleaf, which operates in 17 states, announced it planned to acquire a processing and cultivation facility belonging to Johnstown company Ohio Green Therapies LLC.
But Ohio rules prohibit ownership transfers until the facility has been built out, passed final inspection and been OK'd to open.
Read more at cincinnati.com
