A company that says it was part of a team vying for a medical marijuana business license in New York has sued multistate cannabis operator Acreage Holdings and others for $400 million, alleging they reneged on an ownership stake in a lucrative MMJ venture in the Empire State.

EPMMNY was formed in 2015 to apply for a New York MMJ license. The team was led by David Feder, a New York-based attorney, and Malcolm Morrison.

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Multistate cannabis firm Acreage Holdings named in $400 million lawsuit in NY