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Stock impact report

UPDATE 1-New York judge scales back order invaliding state's cannabis regulations [Yahoo! Finance]

Leafly Holdings, Inc. (LFLY) 
Company Research Source: Yahoo! Finance
April 4 (Reuters) - A New York state judge late on Thursday dramatically scaled back his order from the previous day that had invalidated most of the state's cannabis regulations in a case challenging rules for advertising marijuana. New York Supreme Court Justice Kevin Bryant issued an amended order on Thursday that voided only regulations pertaining to cannabis marketing. The judge in Albany, New York, on Wednesday had issued a sweeping order that voided a raft of state regulations put forward by the New York Office of Cannabis Management governing the licensing, operation and marketing of cannabis businesses. The judge on Wednesday had criticized the Office of Cannabis Management and the New York Cannabis Control Board's response to the lawsuit filed by cannabis website Leafly Holdings, saying they presented no evidence or justification to explain how the regulations were developed. The amended order did not change his reasoning for striking down the regulations. Leafly ha Show less Read more
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