'Gullible' Lender Wins $2.8M Judgment Against Cannabis Co.

[Gunnar Larson]

'Gullible' Lender Wins $2.8M Judgment Against Cannabis Co.
<https://www.law360.com/cannabis/articles/1805693?nl_pk=c844ee6a-f80e-4e60-b5eb-ef900c9b7133&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2024-02-23&read_main=1&nlsidx=0&nlaidx=0>

By Jonathan Capriel

A businessman who pitched opening a "lucrative cannabis operation" to a
lender must pay back the $2.8 million borrowed, a Los Angeles County judge
ruled, saying the entrepreneur took "advantage of" the financier's "lack of
business sophistication."

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<https://www.law360.com/cannabis/articles/1805693?nl_pk=c844ee6a-f80e-4e60-b5eb-ef900c9b7133&utm_source=newsletter&utm_medium=email&utm_campaign=cannabis&utm_content=2024-02-23&read_more=1&nlsidx=0&nlaidx=0>
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