When New York state legalized cannabis two years ago, it gave municipalities the choice to opt out of allowing dispensaries in their jurisdictions. In Long Island, 85% of municipalities opted out, leaving just four towns outside of New York City — Babylon, Brookhaven, Riverhead and Southampton — plus a few villages that said yes to dispensaries.
A New York hemp seed broker can’t pursue claims that it bought bad seeds from an organic farm in Colorado because it failed to show it was injured, a federal trial court ruled.
“Dry January” and “Sober October” are turning into an advantage for cannabis companies, which are targeting those who’ve given up alcohol and pitching them marijuana instead.
A cannabis shop’s “Zaza R Us” logo mimics the font and bright colors of the classic “Toys R Us” logo and dilutes the brand, a lawsuit filed in New York federal court said.
A Momentus Inc. investor sued backers of its blank-check merger with a shell company, claiming they deliberately engineered a catastrophic transaction because the deal’s structure gave insiders a windfall.
Legislation to open banking services to marijuana businesses has become a casualty — at least for now — of the financial turmoil brought on by the collapse of Silicon Valley Bank and Signature Bank.
