The state’s Cannabis Regulatory Commission Thursday revoked licenses to grow or manufacture adult-use cannabis by the Harmony company, saying the company owes $700,00 in license fees.
Harmony CEO Shaya Brodchandel said he was baffled by the decision, saying in a statement “if we had been notified that this action was being considered we would have gladly explained that we are in complete compliance with the February 15 agreement we reached with the NJCRC in terms of paying our license fees. …The rash decision that was taken is an alarming wake up call to the New Jersey entrepreneurs that are seeking to work within the confines established by state regulators to further grow the cannabis industry.”
The CRC isn’t the first group to accuse Harmony of failing to pay monies owed. In separate lawsuits, Harmony has been accused of misappropriating company funds, not paying rent and failing to pay its attorneys. A Harmony spokesman declined to comment on those cases.
