Predatory Cannabis Contracts Allegedly Emerge In Missouri’s Social Equity Program
Allegations of predatory contracts within Missouri’s social equity cannabis program have surfaced, raising concerns about the integrity of the system.
A recent investigation by The Missouri Independent revealed a troubling case involving Destiny Brown, a Black woman who believed she was being offered ownership of a cannabis dispensary and significant financial backing to compete for a license in the state’s social equity lottery.
However, Brown unknowingly signed a contract that granted control of the business to investor Michael Halow.
Halow, who was unable to qualify for a license himself due to a felony on his record, used Brown’s qualifications to secure the license in her name.
Once Brown realized the exploitative nature of the agreement, she sought legal assistance and severed ties with Halow.
Missouri regulators, upon further investigation, revoked six licenses tied to Halow and revealed a pattern of similar contracts used by other applicants. These contracts have been under investigation at least …