This blog has moved.

Please visit our new page here https://www.miamiherald.com/naked-politics/

« Does Legislature budget deal dare a Rick Scott veto? | Main | How South Florida Congressional members are reacting to new GOP Obamacare overhaul »

Infighting threatens sale of Florida medical marijuana dispensary

Florida Election Marijuana

@NewsbySmiley

A lucrative deal that would place a private Fort Lauderdale equity firm at the center of Florida’s fast-growing medical marijuana market is at risk of collapsing amid allegations of “ransom demands” and a corporate coup inside a state-licensed pot dispensary.

According to the details of a lawsuit brought by politically connected Panhandle developer Jay Odom against his partners, the shareholders of the Chestnut Hill Tree Farm cannabis nursery in Alachua have splintered over the pending sale of the company’s assets to a new operator. A partnership between South Florida’s Delavaco Group and publicly traded Canadian cannabis conglomerate Aphria announced the planned acquisition this month, but infighting has jeopardized the chances of completing a sale by a June 1 deadline.

To read more click here.

Comments