NY Cannabis Industry's Chronic Woes: Sen. Cooney Calls For Hearing
Portfolio Pulse from Maureen Meehan
New York lawmakers, led by state Sen. Jeremy Cooney, will hold a hearing to address the state's delayed rollout of its legal cannabis industry. The industry has faced multiple lawsuits and a court injunction preventing the Office of Cannabis Management from issuing new retail licenses. Four major medical marijuana retailers in New York, including Curaleaf Holdings, Green Thumb Industries, Acreage Holdings, and PharmaCann, have urged Gov. Kathy Hochul to grant them licenses to sell adult-use cannabis.
September 07, 2023 | 7:26 pm
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NEUTRAL IMPACT
Acreage Holdings, along with other major retailers, is urging for licenses to sell adult-use cannabis in New York.
The news directly mentions Acreage Holdings as one of the companies urging for licenses to sell adult-use cannabis in New York. This could potentially impact the company's operations and revenues if the licenses are granted, but the outcome is uncertain due to ongoing legal and regulatory issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Curaleaf Holdings, along with other major retailers, is urging for licenses to sell adult-use cannabis in New York.
The news directly mentions Curaleaf Holdings as one of the companies urging for licenses to sell adult-use cannabis in New York. This could potentially impact the company's operations and revenues if the licenses are granted, but the outcome is uncertain due to ongoing legal and regulatory issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Green Thumb Industries, along with other major retailers, is urging for licenses to sell adult-use cannabis in New York.
The news directly mentions Green Thumb Industries as one of the companies urging for licenses to sell adult-use cannabis in New York. This could potentially impact the company's operations and revenues if the licenses are granted, but the outcome is uncertain due to ongoing legal and regulatory issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70