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Verano Prevails in Nielsen Arbitration Dismissing All Claims

Press release content from Globe Newswire. The AP news staff was not involved in its creation. ....

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Ex-Worker Says PE Firms Can't Dodge RICO Pot Suit

A man arrested for growing marijuana told a Colorado federal judge Friday that the Canadian private equity firms named in his racketeering suit can't exit the case because they admit in their pleadings to providing funding for a federally illegal cannabis enterprise. ....

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PE Firms Want Out Of Pot RICO Suit Against Harvest, Verano

A pair of Canadian private equity firms named in a man's sprawling racketeering suit alleging cannabis companies Verano Holdings LLC and Harvest Health & Recreation Inc. were responsible for his arrest have asked a federal judge in Colorado to dismiss the case or put it on hold so it can be handled via arbitration. ....

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PE Firms Want Out Of Pot RICO Suit Against Harvest, Verano

PE Firms Want Out Of Pot RICO Suit Against Harvest, Verano
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Verano Accused in Lawsuit of Illegal Interstate Marijuana Trafficking

Verano Accused in Lawsuit of Illegal Interstate Marijuana Trafficking
March 12, 2021
Marijuana industry giant Verano Holdings of Chicago was named in a federal lawsuit filed in Colorado by state resident Nicholas Nielsen on Monday.
Verano Holdings currently runs eight cultivation facilities and 56 retail operations, with plans to expand to 76 locations in the near future. The company also recently went live on the Candian Stock Exchange with an estimated worth of $3 billion dollars.
According to their own website, Verano “is a leading, vertically-integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands…” ....

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