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The lawsuit is led by attorney David Boies, who has expressed his intention to challenge a Supreme Court decision that supports federal marijuana criminalization. He shared these intentions with the Wall Street Journal.
In related news, several major U.S. cannabis firms also experienced declines in their share prices. These include Curaleaf and Green Thumb Industries (OTC:GTBIF). Additionally, the AdvisorShares Pure U.S. Cannabis ETF, which currently sits at $5.43 per share, also saw a decrease in its value.
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