The departures of chief financial officers at Trulieve Cannabis Corp. and Weedmaps’ parent company come at a challenging time for the marijuana industry, which is dealing with high interest rates, low share prices and the slow pace of federal reform in the United States.
Tim Mullany, who was appointed to the CFO role at Florida-based multistate operator Trulieve earlier this month, stepped down from the job on July 20 after only 10 days, according to Reuters.
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A Trulieve news release said Mullany departed for “personal reasons.”
Mullany was appointed after the resignation of Alex D’Amico in June.
D’Amico had just accepted the role in April.
Ryan Blust, Trulieve’s vice president of finance, will serve as interim CFO, according to the Trulieve release.
The company has also hired an executive recruitment firm to begin a search for a permanent replacement.
Trulieve, which trades on the U.S. over-the-counter markets
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