Recommended content

Marijuana MSOs sue New York over adult-use retail license delay

Multistate operators with New York medical cannabis licenses sued regulators on Thursday in an attempt to gain quick entry into the state’s adult-use marijuana market.

The MSOs are currently shut out from New York’s legal recreational market.

ADVERTISEMENT

In a lawsuit filed in state Supreme Court in Albany, the Coalition for Access to Regulated and Safe Cannabis (CARSC) alleges that the Office of Cannabis Management and the Cannabis Control Board violated New York’s 2021 legalization law – the Marijuana Regulation and Taxation Act (MRTA) – when the two agencies reserved the first 150 adult-use retail licenses for social equity applicants.

That move left out the state’s 10 vertically integrated “registered organizations,” which include some of the country’s biggest cannabis companies, including Curaleaf Holdings, Green Thumb Industries, Acreage Holdings and PharmaCann.

Those four companies are all members of the CARSC, according to The (Syracuse) Post-Standard’s NY Cannabis Insider, which

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily
Source

More news