Court ruling spells more trouble for New York’s adult-use marijuana industry
New York’s struggle to create an equitable adult-use marijuana industry has suffered another major blow.
New York Medical Marijuana News
New York’s struggle to create an equitable adult-use marijuana industry has suffered another major blow.
Tilt Holdings, a Phoenix-based diversified marijuana company, has cut ties with three social equity brands and paused a joint venture with the Shinnecock Indian Nation in New York.
Negotiations between New York state lawyers, some social equity applicants and a group of multistate operators to settle two related lawsuits over marijuana retail licensing have ended without a compromise.
New York won’t issue any more adult-use cannabis retail licenses for at least another two weeks as the latest legal challenge to the state’s tortuous marijuana legalization experiment is resolved.
The New York State Supreme Court granted a temporary injunction that prevents the Office of Cannabis Management from issuing and approving retail marijuana licenses to social equity applicants.
A group of disabled military veterans filed a lawsuit in New York against cannabis regulators claiming their system of awarding and issuing licenses to certain social equity applicants violated the state constitution.
New York cannabis regulators and law enforcement agencies said they shut down seven unlicensed marijuana stores in Cayuga, Oswego and Wayne counties on Monday.