Delays in medical marijuana program drives away investors

April 7, 2015 11:58 AM

55 0

Bureaucratic delays in the Massachusetts medical marijuana program have driven away some investors, leaving some companies awarded dispensary licenses short on cash and patients in limbo.

Twenty provisional dispensary licenses were awarded by the administration of former Gov. Deval Patrick in January 2014, but regulators froze the process amid questions about applicants' finances, misrepresentations, and political influence.

Also read: BRIEF-Federal National Mortgage Association says priced latest credit risk sharing transaction under Connecticut Avenue Securities program

Read more

To category page

Loading...