Cannabis Companies To Cease Colorado Operations, Pay Fines After Failure To Disclose Health Risks: AG
The companies will cease operations in Colorado and pay a $400,000 fine
A cannabis brand will cease operations in Colorado after an investigation found that it failed to disclose the health risks of its products and misrepresented health benefits to consumers.
On Friday, Colorado Attorney General Phil Weiser announced the settlement with the manufacturers and distributors of the 1906 brand of cannabis products, as well as its co-founder, Peter Barsoom.
Under the settlement, the companies Nuka Enterprises LLC, Sima Sciences LLC, and Nuka Properties LLC will cease operations in Colorado and pay a $400,000 fine to the state.
The companies will have to pay an additional $600,000 if they violate the terms of the settlement, and the AG’s office said in a press release that they may be allowed to resume operations if certain conditions are met.
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