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MedMen Seeks Gov’t Documents in Acquisition Spat

The company suggested that state regulators fast-tracked a deal amid “political pressure.”

A California cannabis company wants to know if New York state officials had improper contact with its rival in a contentious legal battle.

MedMen last year agreed to sell a majority stake in its New York medical operations to Boston-based Ascend Wellness.

But the matter grew much more complicated — and lucrative — as New York legalized recreational cannabis.

MedMen last month sought to terminate the agreement, while Ascend countered that New York regulators had signed off by a year-end deadline.

MedMen subsequently alleged that the state’s cannabis regulators fast-tracked the deal under “undue influence” from Ascend.

The company claimed that Ascend officials attended a fundraiser for Gov. Kathy Hochul in early December, then met with top administration officials.

MedMen filed a notice that it intends to subpoena records from Hochul’s office, her campaign, and state cannabis regulators, the Albany Times Union reports.

Hochul’s office and Ascend have denied the allegations.

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