Michigan regulators said this week that a Lansing-based cannabis processor is surrendering its medical and adult-use cannabis licenses after mixing illicit material into its products, the Lansing State Journal reports.
TAS Asset Holdings, also known as Noble Road Company, has been shut down since February 2023 after regulators suspended its license for using unregulated THCa powder to create its ‘Space Rocks’ product line under the Fwaygo Extracts brand. Officials confirmed in the report that the company’s license will never be renewed, reinstated, reissued, or reactivated — limited or otherwise.
“Based on its investigation of the conduct alleged in the complaint, the CRA determined at the time that the safety or health of patrons or employees was jeopardized by TAS’ continued operation and that emergency action was required.” — CRA statement, via the Lansing State Journal
During their investigation, CRA staff uncovered video evidence of employees bringing unregulated product from their vehicles into the business. Investigators found dirty and cluttered areas on the company’s premises including leaking containers of various stages of processed cannabis and waste. Additionally, officials noted the company was utilizing an unapproved, unlicensed warehouse without surveillance cameras, and none of the cannabis products in the room were registered with the industry’s track-and-trace program.
Michigan’s licensed dispensaries in 2023 crested $3 billion in sales and the Department of Treasury recently announced it is awarding over $87 million from cannabis tax revenues to local governments.
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