A trade group representing small cannabis farmers in New York are suing state regulators for establishing a commercial program and rollout they allege set them up for failure. The complaint, filed by the Cannabis Farmers Alliance in Onondaga County Supreme Court, claims New York’s Office of Cannabis Management and Cannabis Control Board created a marketplace […]
News from: Curaleaf, Ascend Wellness, New York, Tilray and more. The Daily Hit is a recap of the top financial news stories for Thursday, October 10, 2024. On the Site Massachusetts regulators fine Ascend Wellness, Curaleaf for ignoring consumer safety practices A government staffer said Ascend’s process failures were “so egregious as to amount to […]
New York marijuana regulators on Thursday gave the thumbs up to another 141 new adult-use cannabis company permits, and for the first time since 2015 added a new trio of vertically integrated licenses to the medical side of the industry, on top of the existing nine “registered organizations.” The move is another significant expansion of […]
54.7% – Percentage of adult-use licenses awarded to social and economic equity applicants in New York When New York legislators passed the bill to create an adult-use cannabis market, a key provision of the law was to incentivize participation by people who qualified as social and economic equity (SEE) applicants, with a goal of half […]
