Shutting down small personal medical marijuana growers as of April 1, 2014 didn’t really have any legs as a viable or even a remotely intelligent strategy. As the rules change to ‘favor’ commercial growers as of that same date, it is apparent that it will take time to move from a home-based, small producer regime to large, regulated commercial operations.
The injunction to exempt existing patients currently licensed to grow medical marijuana does not directly affect the new licensing system; the status quo will be maintained. There will likely be final resolution through the court system within a year. Until then, commercial participants will move ahead.
“While a number of peers are planning to ‘bolt on’ Medical Marijuana assets by way of acquisition: Umbral plans a more direct approach and involvement,” stated Jagdip Bal, President and CEO of Umbral Energy.