LFLY - Court Orders Temporary Block On NY Cannabis Regulations As Legal Battle Over Weed Advertising Heats Up | Benzinga
Earlier this week, cannabis e-commerce platform Leafly Holdings, Inc. (NASDAQ: LFLY) filed a lawsuit in Albany County state Supreme Court against New York's Office of Cannabis Management (OCM).
The Lawsuit
The move comes on the heels of numerous filed lawsuits against NY's cannabis regulators and New York state finally approving new regulations to resolve prior difficulties that led to a halt of new licenses or opening new dispensaries. The lawsuit from Leafly focuses on third-party advertising and marketing services and Leafly's attempt to challenge a ban on it, which has been in place since the launch of NY's market for the past two years.
Court Order Blocking Enforcement
On Thursday, the New York Attorney General's Office agreed to a stay, and the court entered an order to that effect, which blocks the enforcement of the challenged regulations ...