MRCC

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#MUNICIPAL #GUIDANCE: Milford

By a 4-0-1 vote Thursday, the Cannabis Control Commission – the state’s adult-use regulatory body – approved the licenses but said it will not issue formal notices needed for Sira Naturals to begin operations in Milford until after the CCC performs another inspection of the facility, at 13 Commercial Way.

Commissioner Shaleen Title was the only CCC member to not vote for approval. She abstained, noting her concerns related to host community agreements that she believes go beyond the law. Title also raised questions over recent reports that Sira Naturals – already licensed by the Massachusetts Department of Health to cultivate, produce, and sell medical marijuana – was recently purchased by a major Canadian acquisition firm.

Toronto-based Cannabis Strategies Acquisition Group moved to acquire Sira Naturals last month as part of a $76 million deal that includes several cannabis firms in Nevada. Before the CCC voted, Executive Director Shawn Collins said his office confirmed with Sira Naturals that “there has been, in fact, no change in ownership as of this day.”

But if a buyout does occur, Collins said it would require a new application process.

“Prior to the changing of ownership, licensing must get commissioner approval,” he said.

Sources close to the deal say its closing relies on approval from the CCC for the ownership status change and will not go through if regulators do not approve its new owner.

Asked by Title if failure to get approval from the commission could result in license revocation, Collins responded, “It absolutely could.”