MMNFF - Marijuana Regulatory Challenges Social Equity And The Cannabis Landscape In New York And New Jersey | Benzinga
In the ever-changing landscape of cannabis legalization, recent advancements in New York and New Jersey underscore the intricate interplay between regulatory decisions and social equity initiatives, charting the course for the future of the marijuana industry.
Regulatory Crossroads In New York
In a recent meeting, the New York Cannabis Control Board (CCB) grappled with a pivotal question: Should licensed medical marijuana giants, Fiorello Pharmaceuticals Inc. owned by Green Thumb Industries Inc. (OTCQX: GTBIF) and Citiva Medical LLC owned by iAnthus Capital Holdings Inc. (OTCQB: ITHUF) transition into the state recreational cannabis market?
The dramatic 2-2 tie vote left stakeholders in suspense, echoing concerns over rescheduling and potential favoritism towards larger corporations. According to Green Market Report, Green Thumb Industries and iAnthus will face another board vote in the subsequent weeks, while registered organizations MedMen Enterprises Inc. (OTCQB: MMNFF) and Vireo Health International Inc., operating as Goodness Growth Holdings (CSE: GDNS) (OTCQX: GDNSF), await consideration for the transition.
Furthermore, the meeting marked a ...