LFLY - New York's Cannabis Regulators Can't Catch A Break From Lawsuits Leafly Is Next On The Docket | Benzinga
Will New York cannabis regulators ever catch a break from lawsuits?
Not in the near future, it seems.
What happened: Large marijuana e-commerce platform Leafly Holdings (NASDAQ: LFLY)
filed a lawsuit in Albany County state Supreme Court against New York’s Office of Cannabis Management (OCM), reported Spectrum News.
Latest among the mounting lawsuits against NY's cannabis regulators, this one focuses on third-party advertising and marketing services and Leafly's attempt to challenge a ban on it.
"Leafly is a platformer that effectively allows anybody who's interested in cannabis, not just in New York state but throughout the country to be able to look at reviews, sometimes be directed to place orders, you're able to purchase advertising from the individual dispensary, distributor, etc.," said Leafly's attorney Ryan McCall, deputy cannabis practice chair at Albany-based Tully Rinckey.