After 4.5 years leading one of Maryland’s largest dispensaries, Culta Chief Executive Officer and Board Director Allison Seigel announced she was stepping down from her role.
“Cannabis is not for the faint of heart. It’s an industry where passion meets relentless obstacles, where entrepreneurs battle impossible odds, and where success is often measured in resilience rather than profits,” Seigel posted on LinkedIn.
“For now, I’m taking some time off to recharge and reflect, but I’m excited to see what’s next. To everyone who has been part of this ride—thank you. Your passion inspires me, and I’ll always be rooting for this industry and the incredible people in it.”
Green Market Report wrote in 2023 that Culta owner Mackie Barch was ordered to use his “best efforts” to sell shares of his Baltimore-based cannabis wholesale dispensary to settle a $6 million debt owed to his co-owner David Bartch and Bartch’s company, Trellis Holdings.
Barch said he was working with Lineage Merchant Partners, an independent investment banking and advisory firm, to find investors or buyers for Culta to pay what he owed and claimed that the company would hit the market in December 2023, according to court records. However, that never happened.
Instead, Bartch learned that Lineage had given up on trying to take the dispensary to market. Culta claimed that Lineage said there was no market for the operations at that time due to challenges with capital raising in the cannabis industry.
The two parties continue to battle each other, with the latest brief filed in October 2024. In that filing, Barch claimed he shouldn’t have to pay the debt because cannabis is federally illegal and shouldn’t be decided in a federal court. He described Culta as an illegal business.
Culta currently lists three stores in Maryland.
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