New York's Cannabis Regulators Can't Catch A Break From Lawsuits, Leafly Is Next On The Docket
Portfolio Pulse from Nina Zdinjak
Leafly Holdings (NASDAQ:LFLY) has filed a lawsuit against New York’s Office of Cannabis Management (OCM) over a ban on third-party advertising and marketing services. The lawsuit comes as New York approves new regulations to resolve previous issues that halted new licenses or opening new dispensaries. The new regulations are set to be implemented on October 4.
September 21, 2023 | 1:55 pm
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Leafly Holdings has filed a lawsuit against New York’s Office of Cannabis Management, challenging a ban on third-party advertising and marketing services. This could potentially impact the company's operations in New York.
The lawsuit filed by Leafly Holdings against New York’s Office of Cannabis Management could potentially impact the company's operations in the state, especially if the ban on third-party advertising and marketing services is upheld. However, the outcome of the lawsuit is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100