May 21, 2020
Cannabis dispensary operator Tryke Management has put in a bid for attorney fees after an Arizona federal judge awarded the company a judgment of nearly $1.8 million in its fight with embattled cannabis industry credit card processor Linx Card Inc.
March 19, 2020
Embattled cannabis industry credit card processor Linx Card Inc. admitted in a court filing that it owed almost $1.5 million to a former customer, but said the penalty damages sought were too punitive and the court could not award them under state law.
February 28, 2020
The financial circumstances of embattled marijuana industry credit card company Linx Card Inc. do not warrant a court-appointed receiver, an Arizona federal judge has ruled, sidestepping for now the thorny issue of whether federal courts can appoint a receiver for a federally illegal business.
February 18, 2020
A cannabis dispensary operator has asked an Arizona federal judge to quickly end a dispute alleging struggling credit card processor Linx Card Inc. began missing payments in June and owes it nearly $1.8 million.
February 07, 2020
An Arizona federal judge is set to rule on a novel issue that could have broad implications for the cannabis industry: whether she can appoint a receiver to oversee an allegedly floundering company that handles funds for pot retailers.