New York's Cannabis Program In Turmoil As Judge Blocks New Dispensary Licenses
Portfolio Pulse from Maureen Meehan
A New York judge has blocked the state from issuing new marijuana dispensary licenses, following a lawsuit by a group of service-disabled veterans. The injunction does not affect businesses already operating dispensaries or those that have met all licensing requirements by August 7th. However, it prevents the issuance of new licenses until the lawsuit is resolved. This could delay the opening of new dispensaries and impact businesses awarded licenses under the Conditional Adult-Use Retail Dispensary (CAURD) retail licensing program. The lawsuit includes at least four large marijuana companies, Acreage Holdings (ACRHF), Curaleaf Holdings (CURLF), Green Thumb Industries (GTBIF), and PharmaCann.
August 18, 2023 | 11:12 pm
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Acreage Holdings could be impacted by the injunction blocking new marijuana dispensary licenses in New York.
The injunction could delay the opening of new dispensaries and impact businesses awarded licenses under the CAURD retail licensing program, potentially affecting Acreage Holdings' expansion plans in New York.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Curaleaf Holdings could be affected by the injunction blocking new marijuana dispensary licenses in New York.
The injunction could delay the opening of new dispensaries and impact businesses awarded licenses under the CAURD retail licensing program, potentially affecting Curaleaf Holdings' expansion plans in New York.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Green Thumb Industries could be impacted by the injunction blocking new marijuana dispensary licenses in New York.
The injunction could delay the opening of new dispensaries and impact businesses awarded licenses under the CAURD retail licensing program, potentially affecting Green Thumb Industries' expansion plans in New York.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75