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The parade kicks off at noon on Sixth Avenue and runs between 36th and 55th streets.
The hospitality giant said in a federal complaint that Pride Hotel in Jamaica, Queens, violated its franchise agreement by becoming a migrant shelter.
The city sheriff's office estimates the value of the marijuana products at $12 million.
A volunteer group led by famed civil liberties lawyer Norman Siegel says it has placed more than 400 homeless people in shelters over the last two years.