A group of four military veterans filed a lawsuit two weeks ago in New York State Supreme Court against the New York’s Office of Cannabis Management (“OCM”), claiming that the agency’s rules that prioritize applicants with prior cannabis convictions for dispensary licenses violate the NY Marijuana Regulation and Taxation Act (“MRTA”).
In our recent blog post, we discussed Fiore et al.… More
A group of four military veterans last week filed a lawsuit in New York State Supreme Court against the New York’s Office of Cannabis Management (“OCM”), claiming that the agency’s rules that prioritize applicants with prior marijuana convictions for cannabis dispensary licenses violate the NY Marijuana Regulation and Taxation Act (“MRTA”).
In Fiore et al. v. NYS Cannabis Control Board et al., the plaintiffs sought a temporary restraining order barring the state from issuing or further processing applications for licenses,… More
Last week, New York Governor Kathy Hochul unveiled a noteworthy development regarding the New York State Cannabis Social Equity Investment Fund (the “Fund”), as it secured a substantial investment of $150 million from Chicago Atlantic (“CA”). This capital infusion, in the form of a senior secured loan, will be utilized by the Fund to provide “low-interest“ loans to Conditional Adult Use Retailers (“CAURDs”). These loans aim to support and empower CAURDs,… More
The only guarantees in life are death, taxes, and cannabis lawsuits, and New York is no different. In a cannabis marketplace plagued by fits and starts, the New York Cannabis Control Board (“CCB”) Office of Cannabis Management (“OCM”) have been joined to another lawsuit alleging that its actions to date are ultra vires.
The Coalition for Access to Regulated and Safe Cannabis, an unincorporated trade association consisting of Registered Organizations (vertically integrated medical cannabis permit holders),… More