Panel Affirms Penalty Related To Cannabis Investments That Went Up In Smoke

(August 8, 2023, 9:46 AM EDT) -- SAN FRANCISCO — A split panel of the Ninth Circuit U.S. Court of Appeals has affirmed a lower court’s award of $654,042.83 against a man who defrauded investors through the sale of sale of unregistered and fictitious securities in a cannabis company, ruling that the award was not an abuse of discretion....