GTBIF - Cannabis Companies Take On US Attorney General In Battle Against Federal Prohibition | Benzinga
A coalition of U.S. cannabis operators and investors filed a lawsuit on Wednesday against U.S. Attorney General Merrick Garland to block the federal government from enforcing cannabis prohibition for state-legal activity.
Plaintiffs In The Lawsuit
Filed in the U.S. District Court in Massachusetts, the lawsuit represents all local independent operators in Massachusetts who have suffered harm and business challenges due to federal prohibition. Gyasi Sellers, CEO and founder of Treevit, Canna Provisions and Wiseacre Farm as well as Verano Holdings (OTCQX: VRNOF), Ascend Wellness (OTCQX: AAWH), TerrAscend (OTCMKTS: TSNDF) and Green Thumb Industries (OTCQX: GTBIF), Eminence Capital and Poseidon Investment Management are named as plaintiffs.
The lawsuit seeks to confirm the rights of Massachusetts and other states to regulate cannabis within their borders and confirm the corresponding limits on the federal government's power to regulate commerce.
They are represented by Boies Schiller Flexner law firm.
The Legal Aspect
The federal government's power to regulate commerce is based on the Interstate Commerce Clause of the Constitution. The law at issue in this suit, the Controlled Substances Act, exceeds that limited authority as it bars ...