Cannabis Business Times
September 28, 2022

Civil RICO Lawsuits: Should The State-Legal Cannabis Industry Be Concerned? (Cannabis Business Times)

In July 2022, plaintiffs purporting to represent every medical marijuana patient in Arkansas filed a lawsuit against a cannabis testing company, a group of cannabis cultivation facilities, and John Does who are “the law firms, accountants and financial entities who have assisted Defendants,” according to the suit. The complaint alleges that the defendants conspired to sell underdosed cannabis products at premium prices. The plaintiffs asserted their claim under the federal Racketeer Influenced and Corrupt Organizations Act (RICO), a type of specialized anti-conspiracy statute that provides criminal penalties for acts performed as part of an ongoing criminal organization. Cannabis co-chairs Brett Schuman and Jennifer Fisher, and Complex Litigation & Dispute Resolution associate Aaron Thompson explain more in the Cannabis Business Times.