Village Farms International (NASDAQ: VFF) and Hemp for Victory have jointly filed a Request for Reconsideration to disqualify the Drug Enforcement Administration (DEA) from its role in marijuana rescheduling hearings. Following their initial motion filed on November 18, 2024, new evidence has emerged suggesting DEA wrongdoing.
The renewed Request highlights undisclosed conflicts of interest and improper ex parte communications by the DEA. The filing argues that the DEA has shown hostility toward the proposal to reschedule marijuana from Schedule I to Schedule III, provided preferential treatment to anti-rescheduling participants, and undermined pro-rescheduling participants’ procedural rights.
Village Farms plans to submit a good faith affidavit to the DEA and Department of Justice alleging DEA bias. The company’s legal counsel emphasizes the need for a special evidentiary hearing to ensure fairness and transparency in the proceedings.
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Legal challenges and potential delays in marijuana rescheduling process
Alleged DEA bias and procedural obstacles could impact industry development
Regulatory uncertainty affecting business operations
H/T: www.stocktitan.net
