Ah right, I misinterpreted the stacktrace (as the call is inlined, I thought it was that call). That function is indeed verifying the license info (or whether: if it is there), which should have been read when the CoreState is initialized, which is done in Startup.StartProcess in the cligenerator. Thing is: if the license wasn't there, it would already reported it there through the lambda it passed in and the output should have shown that no license file was found...
As the message isn't displayed in the text you quoted, the file therefore was found. However apparently it's not read properly, but that too is weird, as the license loader will verify the file if it's there. So in the case of the azure file system being 'temporarily unavailable' it will report on that, but everything was ok.