As New York continues ramping up its adult-use cannabis market, some industry insiders are beginning to sound an alarm: Hundreds of social equity retailers may lose their permits soon if regulators don’t extend mandatory deadlines for those licensees to get open for business. The problem, two cannabis lawyers explained, is …
A federal magistrate judge recommended that fraud and securities claims should proceed in a lawsuit against cannabis social network MjLink.com and its parent company over allegedly inflated user metrics. U.S. Magistrate Judge Scott T. Varholak found that investor Alan Lamothe sufficiently alleged that executives made “fraudulent statements concerning the business …