Three Colorado cannabis companies will pay six-figure fines and exit the state industry to settle a dispute over products, marketed as sleep aids, that allegedly caused liver injuries, Attorney General Phil Weiser said Friday.
According to Weiser, the companies manufactured and distributed Midnight Drops under the 1906 brand and learned as early as 2020 that they might be causing health problems but continued to market the products.
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The companies, co-founded by New York City-based Peter Barsoom, are:
1906 currently markets hemp-derived THC products in 40 states, according to the company’s website, but sold the offending products in Colorado’s licensed cannabis market, according to Weiser.
Under terms of a settlement with Weiser’s office, the companies will pay $400,000 in fines and cease operations in
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