A company hired by Missouri officials to help review applications for the state's medical marijuana program has been ordered to pay $28 million to one of the applicants it rejected.
Wise Health Solutions, a joint venture between Oakland, California's Oaksterdam University and Nevada-based regulatory compliance company Veracious Investigative, was awarded a contract by the Missouri Department of Health and Senior Services in August 2019. According to
a press release from the company at that time, its purpose was to "review applications for prospective medical cannabis businesses, in anticipation of Missouri's burgeoning medical cannabis industry."
But,
as the St. Louis Post-Dispatch reports, the heads of at least one company that was passed over for a license believe that the process was unfair. St. Charles-based GMT Consulting, one of many groups who applied to be a part of the state's medical marijuana industry, leveled a lawsuit against Wise Health Solutions, asserting that its methodology in scoring potential participants was flawed, even going so far as to accuse the company of corruption.
The case wound its way into arbitration, and GMT prevailed.…