Earlier this week, a subsidiary of DionyMed Brands Inc. DYMEF 2.78% filed a lawsuit against Eaze Technologies, Inc. in the California Superior Court for the County of San Francisco. The former is pursuing an injunction to stop Eaze’s alleged processing of credit and debit cards through its website and app.
The plaintiffs argue that “to gain an unfair competitive advantage in the California cannabis delivery market, Eaze is directing, coordinating, and participating in a scheme to defraud credit card companies and financial institutions into processing cannabis transactions in violation of a host of criminal laws.”
Published: June 07, 2019
Founder & Interim Editor of L.A. Cannabis News