MA Cannabis Commission Greenlights Sale Of NETA, On Condition

BROOKLINE, MA — The Massachusetts Cannabis Control Commission just approved New England Treatment Access sale to national marijuana company Surterra Wellness. NETA, the Massachusetts-based cannabis company that owns a medical marijuana and recreational dispensary in Brookline and a recreational shop in Northampton, announced in January that Surterra was set to acquire the business. Surterra has companies in Florida, Texas, and Nevada.

State commissioners did express concern about a recent report that a Surterra factory that processes the products did not complete a food safety inspection and had to be shut down and that the company had violated Florida advertising restrictions, State House News Service first reported.

So the commission included in the approval conditions that would require Surterra to submit plans to comply with Massachusetts regulations around edible products, advertising and marketing, according to Statehouse News.

NETA's team of 450 will continue their operations in Massachusetts, according to the company.

NETA is slated to come before the Brookline Select Board Tuesday in connection with the change of ownership.

Surterra provides medical, wellness and lifestyle cannabis products, providing access to more than 70 million residents across four states, according to its website. The company grew from 100 to more than 550 employees in 2018.

RELATED:

• MA Marijuana Retailer NETA Sold To National Company

Patch reporter Jenna Fisher can be reached at Jenna.Fisher@patch.com or by calling 617-942-0474. Follow her on Twitter and Instagram (@ReporterJenna).