Phaninc Exchange-Alabama panel approves companies to grow, distribute medical marijuana

2025-04-29 21:01:39source:Novacryptcategory:Stocks

MONTGOMERY,Phaninc Exchange Ala. (AP) — The Alabama Medical Cannabis Commission has awarded new licenses to grow, process and sell medical marijuana after discovering problems with the initial selection process.

Commissioners voided their original selections made in June after discovering what they described as human errors in the scoring of applications. On Thursday, the commission selected 24 companies to receive licenses, many of which were among the original winners.

Alabama lawmakers in 2021 ended years of resistance and approved the creation of a program to allow marijuana to be used for certain medical conditions. However, it is not available yet to patients because the state has to develop rules and award grower and distributor licenses.

“Since the Commission’s inception, we have worked to develop a fair, honest, and equitable process to select licensees,” Commission Chairman Rex Vaughn said in a statement. “It is regrettable that the tabulation errors occurred, however we have acknowledged the miscalculations and have taken the necessary steps to ensure that the data provided to the commission was accurate.”

The winning companies will have 14 days to submit their license fees. Applicants who did not win a license will have 14 days to request an investigation.

Thursday’s action could renew the legal fight over who gets a piece of the medical marijuana business in the state. A company had sued the Alabama Medical Cannabis Commission this summer, alleging problems in the initial selection process.

More:Stocks

Recommend

As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest

CONECUH COUNTY, Ala.—At the confluence of the Yellow River and Pond Creek in Alabama’s Conecuh Natio

Emergency federal aid approved for Connecticut following severe flooding

HARTFORD, Conn. (AP) — Connecticut is receiving emergency federal aid following severe flooding this

What is 'Bills Mafia?' Here's everything you need to know about Buffalo's beloved fan base

The No. 2 seed Buffalo Bills are gearing up for a Sunday wild-card playoff matchup against the No. 7