As Alabama's cannabis regulators prepare to redo medical marijuana's license allocations yet again, after failing to award them twice, the CEO and founder of one of the major players in the space reached out to Governor Kay Ivey.

George Archos, the successful executive and cannabis entrepreneur behind Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) told Gov. Ivey in a letter last week that the multi-state operator with more than 3700 employees plans to invest millions in Alabama, reported Green Market Report's Adam Jackson.

"We remain ready, willing, and able to invest at least $40 million in Alabama," Archos wrote in his Aug. 24 letter.

His colleague, Darren Weiss, president of Verano Holdings, is a speaker at the upcoming Benzinga Cannabis Capital Conference in Chicago on Sept. 27-28 where he will undoubtedly have more to say on the company's challenges in …

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