Boston Globe: “two women say they put their life savings into two marijuana dispensaries in Arizona, but ran short of cash when implementation of that state’s medical marijuana law stalled. In a complaint they filed in September with Arizona regulators, they allege that the New York investors they turned to for help took control of the company without their knowledge. ‘I was so mad for so long, when we finally realized we had been totally duped,’ said Linda Shaughnessy, 66. ‘I lost $400,000’. . . . the lawsuit filed by 4Front Advisors LLC . . . says in its Arizona suit that [Nicola] Vita and his partners owe a $50,000 fee and 5 percent of a Prescott, Ariz., dispensary’s gross revenues.”
Complaints Raised on Marijuana Dispensary Investors
By On the Net|2019-06-14T08:27:51-07:00March 22nd, 2014|AZ Marijuana Law Lawsuits, Stories & Articles|Comments Off on Complaints Raised on Marijuana Dispensary Investors
About the Author: On the Net
The author of this article is
Richard Keyt, an Arizona business law attorney who is the creator of this Arizona medical marijuana law website. Connect with Richard at 480-664-7478 or on Google+