EXCLUSIVE: NY Cannabis Market Optimism Prevails Despite 'Absurd' Taxes, Illegal Operators, Lawsuits
Portfolio Pulse from Nina Zdinjak
The New York cannabis market has been facing challenges since its launch last year, including lawsuits, illegal operators, and high taxes. The Coalition for Access to Regulated and Safe Cannabis (CARSC) filed a lawsuit against the OCM for allegedly violating MRTA by reserving the first 150 retail licenses for social equity applicants. The lawsuit includes large marijuana companies Acreage Holdings (OTCQX:ACRHF), Curaleaf Holdings (OTCQX:CURLF), Green Thumb Industries (OTCQX:GTBIF), and PharmaCann. Despite these challenges, industry experts remain optimistic about the market's potential.
September 28, 2023 | 8:58 pm
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NEGATIVE IMPACT
Acreage Holdings is involved in a lawsuit against the OCM, which could potentially impact its operations and financial performance.
Being involved in a lawsuit can lead to financial and reputational risks, which could negatively impact Acreage Holdings' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Curaleaf Holdings is part of the lawsuit against the OCM, which could potentially affect its business operations and financial results.
Being involved in a lawsuit can lead to financial and reputational risks, which could negatively impact Curaleaf Holdings' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Green Thumb Industries is involved in a lawsuit against the OCM, which could potentially impact its operations and financial performance.
Being involved in a lawsuit can lead to financial and reputational risks, which could negatively impact Green Thumb Industries' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70