A politically connected medical marijuana grower has suspended its effort to sell itself for $20 million after the Wolf administration threatened to revoke its cultivation permit.
The Inquirer first reported Oct. 3 that Franklin Labs LLC—chaired by Gov. Wolf’s former adviser John Hanger—was circulating a confidential prospectus soliciting bids for the company, its permit and its 47,000-foot grow house in Reading, possibly violating state law.
In a sternly worded warning letter dated Oct. 13, John Collins, director of the state Office of Medical Marijuana, called the offer “disturbing … especially in light of the fact that Franklin Labs is not yet operational as a grower/processor facility.”
On Monday, the company took the offer off the table and drew a distinction, saying it had never offered to sell its cannabis permit. Instead, it explained, it had offered to sell 100 percent of