Cannabis Companies Fight Federal Court Dismissal On Prohibition Lawsuit, Heading To Next Legal Stop
Portfolio Pulse from Rolando García
Cannabis companies, including Verano Holdings Corp., are appealing a federal court's dismissal of their lawsuit challenging cannabis prohibition under the U.S. Controlled Substances Act. The appeal argues that federal cannabis laws are outdated and unconstitutional, given the legalization in 38 states.
September 11, 2024 | 9:35 pm
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Verano Holdings Corp. is part of a group appealing a federal court's dismissal of a lawsuit challenging cannabis prohibition. The outcome could impact the regulatory environment for cannabis companies.
Verano Holdings is directly involved in the appeal against the federal court's decision. The case's outcome could influence the regulatory environment, affecting Verano's operations and market perception. However, the appeal process is lengthy, and immediate stock impact is uncertain.
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