Claiming new rules governing hemp-derived cannabinoid products cost them “millions of dollars in losses,” state-licensed hemp companies in New York are suing the Office of Cannabis Management in federal court.
Enforcement of revised hemp regulations released in November, coupled with raids meant to crack down on the state’s illicit cannabis market, have had an “immediate and catastrophic effect,” 10 companies claim in a lawsuit filed March 1 in the Southern District of New York.
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The suit names as defendants:
The New York Cannabis Control Board (CCB). CCB Chair Tremaine Wright. The Office of Cannabis Management (OCM). OCM Executive Director Chris Alexander.
The lawsuit claims violations of the hemp companies’ constitutional rights.
The complaint seeks unspecified compensation as well as a judge’s order
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