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NY Cannabis Equity Program Struck Down in Federal Court Ruling

Federal court strikes down NY cannabis licensing program for discriminating against out-of-state applicants, creating uncertainty for Aurora Cannabis and industry investors.

This court ruling has far-reaching implications for the entire cannabis industry, as it challenges the legality of residency requirements in state licensing programs that have become common across the country. For consumers, continued legal uncertainty means slower market development, potentially higher prices, and limited product availability as businesses face regulatory hurdles. For investors, such legal challenges create volatility and risk in cannabis stocks, affecting companies like Aurora Cannabis and others that must navigate inconsistent state regulations. The decision also impacts social equity goals, as programs designed to benefit communities disproportionately affected by cannabis prohibition now face additional legal scrutiny that could delay or derail their implementation.