New York judge rules state weed rules broadly unconstitutional, then says it was a mistake [Fortune]
Leafly Holdings, Inc. (LFLY)
Company Research
Source: Fortune
But a key portion of the order turned out to be a mistake. The Wednesday ruling was amended Thursday to reflect a much narrower decision after cannabis growers, sellers and other supporters voiced concerns about the implications. The decision came in a lawsuit brought by Leafly, a cannabis sales website, which challenged the state's rules barring marijuana dispensaries from advertising on third-party platforms. State Supreme Court Justice Kevin Bryant, in a strongly worded decision, sided with Leafly in declaring the state's rules were arbitrary, capricious and therefore unconstitutional. His ruling initially appeared to void not just the marketing and advertising rules in question but the state's entire regulatory regime for being “unconstitutionally vague.” The decision was later amended to show that the judge voided the state rules dealing only with so-called third-party platforms such as Leafly that help marijuana companies market and promote their products. By then, m
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LFLY
News
- Tiffany Haddish Talks Cannabis & ‘The Freak Brothers' At Cookies Melrose [Forbes]Forbes
- Leafly to Announce First Quarter 2024 Financial Results on May 9, 2024Business Wire
- NBA Legend Carmelo Anthony Launches Cannabis Brand And Agency [Forbes]Forbes
- Denver Tops Poll As Country's Best Weed City [Forbes]Forbes
- Glow Announces Appointment of Rob Carducci as New CEO and Board Changes To Lead Next Stage of Growth [Yahoo! Finance]Yahoo! Finance
LFLY
Earnings
- 3/28/24 - Beat
LFLY
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- LFLY's page on the SEC website