October 11, 2024
Two former business partners are sparring in Colorado federal court over a proposed order to hold assets related to a cannabis company to satisfy a $6.4 million judgment and whether that order can be granted in compliance with the federal Controlled Substances Act.
August 23, 2024
A cannabis entrepreneur urged a Colorado federal judge Friday to bar his former business partner from making any equity transactions until after the court has the opportunity to revisit a $6.4 million judgment ruling as part of a recent Tenth Circuit remand.
February 05, 2024
A cannabis entrepreneur and his company can't escape $6.4 million in damages owed to a former business partner who was shunted from the thriving venture, a Colorado federal judge has held, finding the court could hear a dispute stemming from businesses in the industry.
November 01, 2023
A medical cannabis entrepreneur is once again insisting a federal judge's sanctions and order requiring him to sell off company shares to cover a $6 million debt to his ex-partner are illegal because it requires him to violate the Controlled Substances Act.
October 11, 2023
A onetime partner in a medical cannabis company argued that marijuana's federal illegality does not nullify a Colorado federal judge's sanctions order requiring the company's owner to sell off shares to cover a $6 million judgment.
September 07, 2023
A medical cannabis entrepreneur has called a Colorado federal judge's sanctions order requiring him to sell off company shares to cover a $6 million debt owed to his ex-partner "blatantly illegal under federal law," arguing the district court lacks jurisdiction over his company because it's still a federally illegal business.
June 09, 2023
A Colorado federal judge has hit a medical cannabis entrepreneur with sanctions after ruling that he altered evidence in an effort to delay paying a $6 million judgment owed to his primary investor and stipulated he must sell off company shares to cover the debt.
May 10, 2023
The owner of a medical cannabis company altered evidence in order to evade paying a $6 million judgment to his primary investor, instead leveraging the business in an attempt to raise $2 million, his ex-partner told a Colorado federal court this week in a motion seeking sanctions.
September 08, 2022
A Colorado federal judge has awarded more than $6 million in damages to a Colorado man who proved breach of contract by his former medical cannabis business partner, in a ruling that also criticized prominent cannabis firm Vicente Sederberg LLP.