Curio Wellness dropped its lawsuit to block Maryland regulators from awarding new cannabis cultivation licenses that the state said were intended to increase diversity in the industry.
Curio CEO Michael Bronfein said in a statement that the medical marijuana company stands by the merits of its lawsuit.
But he indicated Curio is responding to comments that he said misinterpret its action as racially insensitive.
Despite the lawsuit, state regulators planned to proceed with the licensing round.
For more details about Curio’s decision, click here.