$24,000 in Fines For Lack of Reporting Ownership Changes
Grow West MD, LLC a licensed cultivation operation in Maryland, and their partners were fined $24,000 for not properly reporting ownership changes as defined by MCA regulations, 10.62.08.08 Transfer of Ownership Interest in a License. The consent order, Case 23-00118, details the investigation and the fines. Stop throwing away money on the simple things.
Understanding the regulations and what is required is key to operating a cannabis business; these fines could be avoided if the entity understood what is required. ILC always recommends reviewing the regulations regularly or assigning different departments portions of the regulations about their area.
If you don’t have the time to keep up with it all, reach out to hello@ILoveCompliance.biz, and let’s talk about how we can supplement your team. Remember, If It Isn’t Documented, It Didn’t Happen.