Lawsuit: Ex-OR official bilked investors in marijuana business
In what is shaping up to be a cautionary tale for would-be cannabis industry investors, a former county commissioner from Oregon is being sued for allegedly scamming financial backers out of more than $200,000 to ostensibly fund a marijuana business.
Former Jackson County Commissioner Doug Breidenthal is the target of the suit, which seeks $529,000 in damages, the Mail Tribune reported.
According to the suit, Breidenthal bilked three people out of a total of $229,000, which he told them was to finance a cannabis retail shop in Medford, Oregon, called American Cannabis Co.
But the store still hasn’t
Lawsuit: Ex-OR official bilked investors in marijuana business is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs