'New York Judge Halts Marijuana Business License Approvals Following Military Veteran-Led Lawsuit' - Marijuana Moment
Portfolio Pulse from Happy Mohamed
A New York judge has halted the issuance of new cannabis licenses under a program that favors people with previous drug conviction charges. This comes after a lawsuit filed by a group of disabled military veterans who argue that the system of awarding and issuing licenses to certain social equity applicants violates the state Constitution. The lawsuit is the latest setback to the state’s rollout of a recreational cannabis market, which has been delayed by legal challenges.
August 08, 2023 | 5:45 pm
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The halt in the issuance of new cannabis licenses in New York could potentially impact Aurora Cannabis' expansion plans in the state.
Aurora Cannabis, being a major player in the cannabis industry, might have plans to expand in New York. The halt in the issuance of new licenses could delay these plans, potentially impacting the company's growth and revenues.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
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Canopy Growth Corporation could face potential delays in its expansion plans in New York due to the halt in the issuance of new cannabis licenses.
Canopy Growth Corporation, as a significant player in the cannabis industry, may have plans to expand in New York. The halt in the issuance of new licenses could delay these plans, potentially impacting the company's growth and revenues.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50