Parties involved in a court case against The New York State Cannabis Control Board (CCB) and New York’s Office of Cannabis Management (OCM) have reached a settlement.
New York saw its cannabis licensing process completely halt after Judge Bryant implemented a temporary injunction on New York’s Conditional Adult-Use Retail Dispensary (CAURD) scheme.
The decision was made as part of the case brought against the CCB and OCM by four service-disabled military veterans who argued that they had been unfairly left out of the first round of awarded licenses.
While Byrant initially allowed some exceptions for the licenses, he later issued two court orders allowing two dispensaries – Kush Culture Industry LLC and ConBud LLC – to open.
Now, the temporary injunction could come to an end as the involved parties have settled, in principle, on the matter. The settlement is still set to be finalised.
A letter from the Counsel for Plaintiffs-Respondents, Brian T. Burns, states: “In connection with the parties’ pending joint motion for extension of time and stay of proceedings (NYSCEF 22), which is returnable on November 13, 2023, I write on behalf of all parties to provide a status update.
“The parties have reached an agreement in principle to settle this matter and have so informed Supreme Court (which has not yet issued a decision on the pending summary judgment motions).
“Finalization of any settlement is contingent on the drafting and execution of a formal settlement agreement acceptable to all parties, approval of the settlement by the defendant-respondent New York Cannabis Control Board, and the settlement agreement being so ordered by Supreme Court.”