A federal law crafted to fight the mob is giving marijuana opponents a new strategy in their battle to stop the expanding industry: racketeering lawsuits.
A Colorado pot shop recently closed after a Washington-based group opposed to legal marijuana sued not just the pot shop but a laundry list of firms doing business with it — from its landlord and accountant to the Iowa bonding company guaranteeing its tax payments. One by one, many of the plaintiffs agreed to stop doing business with Medical Marijuana of the Rockies, until the mountain shop closed its doors and had to sell off its pot at fire-sale prices.
With another lawsuit pending in southern Colorado, the cases represent a new approach to fighting marijuana. If the federal government won’t stop its expansion, pot opponents say, federal racketeering lawsuits could. Marijuana may be legal under state law, but federal drug law still considers any marijuana business organized crime. [Read more at ABCNews.com]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
Is social media worth the time, money, and effort to build brand awareness in the cannabis industry when borders are closed, and the rules are so restrictive? Today we’re talking to our social media partner, Amy Donohue from Hybrid Social, to discuss why social media is the place to build brand, community, and authenticity through…
by Griffen Thorne, Attorney at Harris Bricken Cannabis businesses need money – and lots of it – to operate. Being mostly startups, operational profits are not enough to sustain their business. So cannabis businesses take on outside capital generally in one of two ways: taking on debt from cannabis lenders or bringing in equity investors.…
Growing cannabis outdoors is a gamble. The upside is a high return for a relatively small investment. Outdoor cultivation requires the lowest capital and operational expenditures compared to indoor or greenhouse growing, with the potential for equal or greater yields per square foot of canopy. The downside is the risk. Weather conditions can make or…
PRESS RELEASE Cilicon recently introduced a newborn ELEV Air2, expanding its disposable sizable product portfolio and building on its success in elegant design integration and continuous improvement in developing a powerful and larger capacity feature of the disposable cannabis vape device. CILICON ELEV Air2 challenges the limit of microporous ceramics in cannabis atomization and redefines…