Today, the Cannabis Regulatory Agency (CRA) signed a consent order and stipulation with TAS Asset Holdings, LLC (TAS) which resulted in the surrender of its medical and adult-use processor licenses.
In February 2023, the CRA issued formal complaints and announced summary suspensions of TAS’ medical and adult-use processor licenses. Based on its investigation of the conduct alleged in the complaint, the CRA determined at the time that the safety or health of patrons or employees was jeopardized by TAS’ continued operation and that emergency action was required.
TAS combined marijuana products with illicit marijuana product before selling them in the regulated market. The affected marijuana products were marketed under the brand “Fwaygo Extracts” with the product name “Space Rocks.” A review of video surveillance footage at the time showed that TAS employees were bringing additional unregulated product into the business from their personal vehicle.
TAS has been closed since February 2023 and has agreed to voluntarily surrender its licenses, which shall not be renewed, reinstated, reissued, or reactivated, limited or otherwise, at any future date. The sole owners of TAS also own the following other licenses that are closed and will remain permanently closed:
- TAS Asset Holdings, LLC, License No. GR-A-000228
- Noble Road Company, License No. PR-000091
