Monday, August 25, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

New York Hemp Operators Accused of $15 million Fraud

Graham Cooper by Graham Cooper
November 15, 2022
in Business
Share on FacebookShare on Twitter
55

The co-founders of CanaFarma in New York were accused on Tuesday of baseless revenue projections and lying about where their hemp was coming from.

Vitaly Fargesan and Igor Palatnik started CanaFarma in 2019, and told investors their hemp was being produced on their own farm, but in actuality was bought through a third party.

The cofounders also claimed they would eventually sell hemp chewing gum along with other hemp-derived products, which never happened.

$4 million of the investor’s money were used for personal use by Fargesen and Platanik.

The SEC in New York is seeking permanent injunctions, disgorgement and prejudgment interest, and civil penatlies, according to HempIndustryDaily.

Read the statement by the SEC here.

Visits: 2275
Previous Post

Words from the GOP Senator of Pennsylvania who Wants to Legalize Marijuana

Next Post

New York Control Board finally meeting, easing restrictions on Medical Marijuana

Graham Cooper

Graham Cooper

Next Post
New York Control Board finally meeting, easing restrictions on Medical Marijuana

New York Control Board finally meeting, easing restrictions on Medical Marijuana

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Where do Republican senators stand with weed?

Where do Republican senators stand with weed?

June 30, 2021
Indica vs. Sativa: Is there really a difference?

Indica vs. Sativa: Is there really a difference?

November 22, 2021
How’s legal marijuana doing in Germany?

How’s legal marijuana doing in Germany?

0
Kamala Harris Mentions Cannabis Reform For The First Time Since The Election

Kamala Harris Mentions Cannabis Reform For The First Time Since The Election

0
Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp