Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 13 2024
0mins
Source: Benzinga
Fines for Consumer Safety Violations: Massachusetts cannabis regulators fined Ascend Wellness Holdings $85,000 and Curaleaf Holdings $80,000 for violations related to consumer safety practices, totaling $165,000. Both companies self-reported the incidents, with Ascend facing issues in their track-and-trace compliance and Curaleaf dealing with contamination prevention failures.
Commitment to Compliance: Both companies have expressed their commitment to improving operations and adhering to regulations, with Ascend implementing corrective measures and Curaleaf placed on probation for six months to ensure compliance with safety standards.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
