July 02, 2026
A California federal court has ordered a cannabis business and two of its executives to pay nearly $43 million in a suit brought by the U.S. Securities and Exchange Commission for allegedly raising more than $50 million from investors based on what the SEC alleged was "wildly inflated financial information."
March 16, 2026
The former chief financial officer of a cannabis cultivator and distributor has agreed to pay nearly $1.1 million to settle out of U.S. Securities and Exchange Commission allegations the business raised over $30 million from more than 100 investors on the strength of "wildly inflated financial information."