New York's Stalled Cannabis Program Takes A Hit As Key Figure Resigns, Scandal Brewing?
Portfolio Pulse from Maureen Meehan
Reuben McDaniel, a key figure in New York's legal cannabis program, has resigned from the board of the Office of Cannabis Management (OCM). McDaniel was involved in approving retail licenses and overseeing the agency assisting licensees with locating storefronts, which some viewed as a conflict of interest. The OCM and the Cannabis Control Board (CCB) face a lawsuit from the Coalition for Access to Regulated and Safe Cannabis (CARSC), which includes Acreage Holdings, Curaleaf Holdings, Green Thumb Industries, and PharmaCann.
June 15, 2023 | 4:25 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Acreage Holdings is part of a lawsuit against the Office of Cannabis Management and the Cannabis Control Board in New York, which may impact the company's operations in the state.
Acreage Holdings is part of the Coalition for Access to Regulated and Safe Cannabis (CARSC), which has initiated a lawsuit against the OCM and CCB. This legal action may negatively impact the company's operations in New York, as it could lead to delays or changes in the regulatory environment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Curaleaf Holdings is part of a lawsuit against the Office of Cannabis Management and the Cannabis Control Board in New York, which may impact the company's operations in the state.
Curaleaf Holdings is part of the Coalition for Access to Regulated and Safe Cannabis (CARSC), which has initiated a lawsuit against the OCM and CCB. This legal action may negatively impact the company's operations in New York, as it could lead to delays or changes in the regulatory environment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Green Thumb Industries is part of a lawsuit against the Office of Cannabis Management and the Cannabis Control Board in New York, which may impact the company's operations in the state.
Green Thumb Industries is part of the Coalition for Access to Regulated and Safe Cannabis (CARSC), which has initiated a lawsuit against the OCM and CCB. This legal action may negatively impact the company's operations in New York, as it could lead to delays or changes in the regulatory environment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80