TRSSF - Ascend Wellness to sue federal government over cannabis policies -- Marijuana Moment

Ascend Wellness Holdings (OTCQX:AAWH) CEO Abner Kurtin said he has hired a power law firm to sue the federal government over what he considers unconstitutional policies that negatively impact multi-state operators, Marijuana Moment reported. Kurtin told the marijuana news site that at least six other MSOs are considering joining several legal actions. One of would try to eliminate the federal government from impacting intrastate cannabis commerce and contest the constitutionality of the Controlled Substances Act. Another challenges a tax statute that prohibits marijuana-involved businesses from taking advantage of tax benefits available to other industries. Kurtin said Curaleaf (OTCPK:CURLF) and TerrAscend (OTCQX:TRSSF) are among MSOs weighing joining the effort. Boies Schiller Flexner is the firm slated to mount the legal actions. Kurtin added he sees legal filings occurring in the next couple of months. Check out an interview Seeking Alpha did with Kurtin in April.

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Ascend Wellness to sue federal government over cannabis policies -- Marijuana Moment