The THC percentages of recreational marijana are visible on the product packaging sitting on a countertop in Mamaroneck, N.Y. Photo/Julie Jacobson/AP Lawsuit Accuses NY Pot Regulators of Shuttering Big Part of Hemp Industry 'Overnight'
The lawsuit says regulations for cannabinoid hemp placed severe limits on THC content, forcing the industry to remove previously lawful product from their shelves.
March 04, 2024 at 06:40 PM
3 minute read
Marijuana
Hemp manufacturers, distributors and retailers filed a federal civil rights lawsuit on March 1 against New York cannabis regulators for enacting regulations that effectively shuttered a large portion of the industry "overnight" in December, with the state now engaged in warrantless raids, the complaint alleges.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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