LA Court Judge Set To Dismiss Major Lawsuit Against California's Top Cannabis Cultivator
Portfolio Pulse from Patricio Liddle
A Los Angeles Superior Court judge is expected to dismiss a lawsuit against Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF), accused by Catalyst Cannabis Co. of profiting from the illicit cannabis market. The judge noted that enforcement should be handled by the Department of Cannabis Control (DCC). Catalyst's CEO expressed disappointment but hinted at potential further legal actions.
June 25, 2024 | 10:31 pm
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The Los Angeles Superior Court is expected to dismiss a lawsuit against Glass House Brands Inc. (OTC:GHBWF), which was accused of profiting from the illicit cannabis market. The judge indicated that enforcement should be handled by the Department of Cannabis Control (DCC).
The dismissal of the lawsuit removes a significant legal overhang for Glass House Brands, potentially boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Los Angeles Superior Court is expected to dismiss a lawsuit against Glass House Brands Inc. (OTCQX:GLASF), which was accused of profiting from the illicit cannabis market. The judge indicated that enforcement should be handled by the Department of Cannabis Control (DCC).
The dismissal of the lawsuit removes a significant legal overhang for Glass House Brands, potentially boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100