Acreage Holdings freezes wholesale medical marijuana operations in Iowa

  • CEDAR RAPIDS — Acreage Holdings, which owns medical marijuana manufacturer Iowa Relief, said it will temporarily halt wholesale operations in Iowa, becoming the latest in a string of cannabis-related closures with potential consequences for the state’s fledgling program.
  • The announcement means the temporary closure of a 5,000-square-foot cannabis cultivation and processing plant in southwest Cedar Rapids, where Iowa Relief produces medical marijuana capsules, topical ointments and tinctures.
  • Though Murphy said he remains optimistic about the U.S. cannabis industry, MedPharm General Manager Lucas Nelson said the temporary halt to Iowa Relief’s operations will further strain Iowa’s medical cannabis program.
  • Nelson said he believes Acreage’s closures puts its future operations in jeopardy.

Read full article: wcfcourier.com