NY Court Ruling Strikes Down Cannabis Advertising Ban, Boosts Leafly Stock Price
Friday, 5 April 2024, 11:56
Judge Kevin Bryant Strikes Down NY Cannabis Advertising Ban
In a recent ruling, Judge Kevin Bryant declared the advertising ban on cannabis in New York as unconstitutional, stating that it violated the free speech rights of businesses.
Leafly Stock Price Surge
The ruling had an immediate impact on Leafly's stock price, leading to a surge in its value as investors responded positively to the news.
- Win for Cannabis Industry: The court ruling is seen as a significant victory for the cannabis industry, affirming its right to advertise freely.
- Market Sentiment: The positive market sentiment towards cannabis companies is reflected in the sharp increase in Leafly's stock price.
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