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Former Cannabis CEO Ordered to Pay Over $7.4M for Scheme to Bypass U.S. Securities Regs

The Supreme Court of British Columbia, Canada, last week ordered a former cannabis company executive to pay more than $7.4 million after he was found to have engaged in a financial workaround designed to bypass securities regulations in the United States, BIV reports. The judge ruled that Nicholas Vita, former CEO of Columbia Care LLC and Columbia Care Inc., was fully liable […]