In the latest twist of a court battle between two cannabis companies over a soured licensing deal, the cloud of alleged political misconduct seems to have blown over.
Lawyers with cannabis distributor Ascend Wellness Holdings said that its legal rival MedMen has indicated it will withdraw its allegations that Ascend executives put political pressure on Gov. Kathy Hochul’s administration to approve a medical cannabis license transfer between the companies.
Ascend, a cannabis operator hoping to set up operations in New York, filed a lawsuit in state court in January against MedMen, a multi-state cannabis company, that claimed the defendant had not fulfilled a contract to hand over $73 million worth of in-state licensed operations.
In response, MedMen filed a counterclaim at the end of January accusing Ascend of leaning on Hochul’s administration and the Office of Cannabis Management to approve the license transfer between the two companies.
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