Index Investing News
Wednesday, April 15, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Fresh lawsuit targets New York’s rollout of adult-use marijuana

by Index Investing News
December 22, 2023
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


New York regulators are facing yet another lawsuit aimed at stopping them from issuing any additional adult-use marijuana licenses.

The lawsuit – filed in U.S. District Court in the Northern District of New York by two companies seeking retail licenses – comes less than a month after regulators approved settlement agreements in two previous suits that contributed to the tortuous rollout of legal adult-use cannabis sales in the state.

In the new lawsuit, Variscite New York Four and Variscite New York Five argue that the state’s retail marijuana licensing program violates the U.S. Constitution’s dormant commerce clause, which generally prohibits states from passing legislation that discriminates against or excessively burdens out-of-state citizens compared to in-state citizens.

Both companies are 51% owned by a Los Angeles man “who was convicted of a cannabis crime under California law rather than New York law,” the lawsuit claims.

The lawsuit targets the state Office of Cannabis Management and its Cannabis Control Board, according to Spectrum News 1.

The suit was filed the day that the latest licensing round closed, Green Market Report noted.

According to Green Market Report, the suit claims that state residency requirements are unconstitutional and that the two plaintiffs’ applications should have received “extra priority” because they had secured properties for their businesses.

“Because Plaintiffs satisfy every requirement for the ‘extra priority’ pool except the unconstitutional New York residency preferences, Defendants should process Plaintiffs’ applications in the extra priority pool,” according to the lawsuit.

Last November, a company with a name similar to the two plaintiffs in the new lawsuit – Michigan-based Variscite NY One – filed a suit seeking an injunction against the state after unsuccessfully applying for licenses in five New York regions.

That lawsuit prevented retailers from opening across significant portions of the state, Spectrum News 1 noted.

And similar litigation has been filed against other social equity programs elsewhere in the country, including in Los Angeles.



Source link

Tags: adultuseFreshlawsuitMarijuanarollouttargetsYorks
ShareTweetShareShare
Previous Post

Alex Batty’s heartbreaking handwritten note to mum he wrote in dead of night just 20 minutes before fleeing revealed

Next Post

Captain Jason Chambers Reveals What Really Went Down with Lala Kent and RHOM’s Adriana de Moura

Related Posts

Morocco stocks lower at close of trade; Moroccan All Shares down 0.22% By Investing.com

Morocco stocks lower at close of trade; Moroccan All Shares down 0.22% By Investing.com

by Index Investing News
April 9, 2026
0

Investing.com – Morocco stocks were lower after the close on Thursday, as losses in the , and sectors led shares...

UnitedHealth: Why It’s Still Not Too Late To Buy The Turnaround (NYSE:UNH)

UnitedHealth: Why It’s Still Not Too Late To Buy The Turnaround (NYSE:UNH)

by Index Investing News
April 5, 2026
0

This article was written byFollowJR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and...

Emerging Market Stock Valuations

Emerging Market Stock Valuations

by Index Investing News
April 13, 2026
0

The Map is not the Terrain… https://theideafarm.com/markets/emerging-markets-the-map-is-not-the-terrain/ And also from a recent podcast with La Roche here is Gundlach “”My...

Kinneret ends March above bottom red line

Kinneret ends March above bottom red line

by Index Investing News
April 1, 2026
0

The Kinneret (Sea of Galilee) has ended March 2026 just above the bottom red line following heavy rainfall over...

Crude Check: Volatile But Firm

Crude Check: Volatile But Firm

by Index Investing News
March 28, 2026
0

Crude oil prices saw considerable volatility last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($105.30/barrel) was down 6.1...

Next Post
Captain Jason Chambers Reveals What Really Went Down with Lala Kent and RHOM’s Adriana de Moura

Captain Jason Chambers Reveals What Really Went Down with Lala Kent and RHOM's Adriana de Moura

We Asked Two Investors About the Best Markets To Invest In—Here’s Where They Said To Go

We Asked Two Investors About the Best Markets To Invest In—Here’s Where They Said To Go

RECOMMENDED

The right way to watch Premier League conflict

The right way to watch Premier League conflict

September 15, 2024
Reddit – Dive into anything

Reddit – Dive into anything

January 20, 2023
Cariloha iHeart Radio Jingle Ball Giveaway 2022

Cariloha iHeart Radio Jingle Ball Giveaway 2022

December 7, 2022
Putin clashes with own finance minister over damage done to Russian economy by oil sanctions

Putin clashes with own finance minister over damage done to Russian economy by oil sanctions

May 20, 2023
US agency sues Exxon for discrimination after nooses found at plant By Reuters

US agency sues Exxon for discrimination after nooses found at plant By Reuters

March 3, 2023
Australia stay information: NSW premier warns floods disaster ‘removed from over’; RBA rate of interest resolution due | Australian politics

Australia stay information: NSW premier warns floods disaster ‘removed from over’; RBA rate of interest resolution due | Australian politics

July 5, 2022
4 Finest Image Contenders Are Remakes. Does That Matter to Oscar Voters?

4 Finest Image Contenders Are Remakes. Does That Matter to Oscar Voters?

March 25, 2022
The Sahel Is The World Epicenter For Terrorism – FREEDOMBUNKER

The Sahel Is The World Epicenter For Terrorism – FREEDOMBUNKER

March 6, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In