NY Cannabis Regulators Sued For $300M Over Unrealized Surveillance Contract
New York state cannabis regulators and officials are being sued by a defunct Illinois security company over allegations of misrepresentation and issues related to an unrealized surveillance contract.
What Happened
America Smart Cities has filed a $300 million lawsuit against the Dormitory Authority of the State of New York (DASNY), the New York State Liquor Authority, Office of Cannabis Management, Dr. Emory Alexander and Reuben McDaniel III.
The lawsuit was first filed in the New York Country Supreme Court but has since moved to federal court, reported Green Market Report’s Adam Jackson citing Law360.
America Smart Cities said in a complaint it was entitled to a no-bid contract for a security project, as per McDaniel’s promise. In return, Arkansas-based McDaniel, who served as president and CEO of DASNY and the board member for the New York State Liquor Authority, OCM, and Alexander were …