Marijuana News: Ex High Times Exec Sues For 6 Million – Medical Businesses Say No To Recreational

Published on: October 18, 2016March 15, 2018Author: potentnewsadminComment: 0

In this episode:

Maine’s medical marijuana growers are not on board for Question 1, a ballot that will legalize, regulate and tax marijuana as an agricultural product in the state. The measure would allow individuals over the age of 21 to possess and use marijuana and also provide licensure of retail facilities and marijuana social clubs. Medical marijuana growers are worried that the niche for medical marijuana will disappear if recreational pot is legalized while others consider full legalization a matter of fairness. According to The Bangor Daily, medical grower, David Boyer believes that opponents of Question 1 among medical marijuana growers are a vocal minority. He states, “ It’s disappointing that they don’t want to extend the protection that they have as patients to all Mainers 21 and over.” The vote on this matter will take place in November.

Former High Times executive David Kohl is suing Trans-High Corp, the parent company of High Times magazine, for wrongful termination, reported by the New York Post. Turns out that the veteran media executive was appalled by the staff’s inappropriate behavior at High Times and was fired when he demanded a more professional environment. According to the lawsuit, he slammed the company’s lazy and ineffective board of directors, reprimanded an employee for misconduct and suggested a restructuring. Kohl was allegedly fired without notice by sales boss Matt Stang. The Manhattan Supreme Court filing also states that one of the High Times workers slipped the office keys from Kohl’s personal keychain during the termination. Kohl demands that THC pays out his full severance totaling up to $6 million in damages.

High Supply, a Denver producer of child-resistant containers for marijuana products, filed for bankruptcy claiming the company’s financial stress was caused by theft and corporate espionage by former employees. High Supply CEO Paul Lufkin is also suing former co-owner for violation of a non-compete agreement. According to MJBizDaily, this is another example of what is now a growing trend of cannabis business partners taking personal matters to the courtroom. The company has recently accumulated over $200,000 in debt. A lawyer for the defendants says High Supply’s financial trouble were the result of Lufkin’s poor customer service and decision-making. As for the non-compete, the attorney assures that the former co-owner is complying with the agreement.

Leave a Reply Cancel reply