SCOOP: Stiiizy sues equity partners who “got greedy”

In April, California market leader Stiiizy sued two of its former social equity partners. The case, and another, related Sacramento lawsuit, offer a rare look at the asymmetrical partnerships between established, funded companies and people disproportionately affected by the war on drugs, and how they can turn ugly.

Since the onset of legalization, many cities and states have sought to give disadvantaged, often Black and Latino populations, preferential treatment in obtaining dispensary licenses. The main source of investment for these equity . . .