Tag: business and commercial law

Anti-cannabis coalition accuses NY of ‘money laundering’ | News
Money

Anti-cannabis coalition accuses NY of ‘money laundering’ | News

ALBANY (TNS) — An anti-cannabis coalition has filed a federal lawsuit against New York and the state Office of Cannabis Management, challenging the legality of a $200 million Cannabis Social Equity Fund that was established to help open more marijuana retail shops.It’s the second lawsuit that the Cannabis Impact Prevention Coalition has filed challenging New York’s legalized marijuana market. In June, the coalition filed a case in state Supreme Court in Albany that seeks to overturn the 2021 law that legalized marijuana. The civil complaint compares the state’s assertions about the industry, including its prescribed medical uses, to tobacco companies that mad...