Alexander MalyshevThe Organic Blooms Injunction Is The Latest Blow To New York’s Troubled Conditional Adult-Use Retail Dispensary Program
The author writes "On Dec. 12, 2024, New York’s troubled Conditional Adult-Use Retail Dispensary (CAURD) program suffered yet another body blow, this time in the form of an injunction prohibiting the Office of Cannabis Management (OCM) from processing applications for which it waived the requirement for municipal notification (and, by extension, securing a location)."
December 19, 2024 at 10:00 AM
6 minute read
On Dec. 12, 2024, New York’s troubled Conditional Adult-Use Retail Dispensary (CAURD) program suffered yet another body blow, this time in the form of an injunction prohibiting the Office of Cannabis Management (OCM) from processing applications for which it waived the requirement for municipal notification (and, by extension, securing a location).
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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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