This is what GMR are reporting
California-based Glass House Brands Inc. (NEO: GLAS.A.U) (OTCQX: GLASF) is “one of the largest, if not the largest, black marketers of cannabis in the State of California, if not the country,” and has been shipping cannabis across state lines on airplanes, according to a new lawsuit filed by one of the company’s retail competitors.
The suit, filed by Long Beach-based 562 Discount Med Inc., which does business as retailer Catalyst, contends that Glass House Brands has been capitalizing on the illicit cannabis trade in California, and in doing so is undercutting the legal market and those trying to operate by the book.
Glass House relies on both legal distributors and also so-called “burner distros,” an industry term for licensed distributors that channel legally produced cannabis to the underground market nationwide, the suit alleges. The method allows Glass House to sell marijuana to both the legal and illegal markets, effectively propping up its balance sheet, the suit asserts.
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Glass House Brands ‘One of the Largest’ Illicit Cannabis Dealers in California, Lawsuit Claims
