The litigation continues in Maine with MSO Acreage Holdings (and it’s local target company) arguing in the First Circuit that “if not for the residency requirement, Maine would be part of a booming national market for investment in medical marijuana companies.”
Are you wondering what this has to do with Massachusetts? Well, we have been asked many times about how the Craft Cooperative license’s membership requirement may affect out-of-state investment. We believe there are ways to reconcile the CCC regs with out-of-state investment, but that’s an issue that will exceed the word limit here. Give us a holler if you want to chat about co-op investment strategies.
Regardless, we will keep an eye on this litigation. If co-ops come under scrutiny by the CCC for their capitalization strategies, the outcome of this case may provide insight for a response.