CBD retailer in Vermont arrested for fraud regarding local hemp farms. Figure could be as high as $US500K
Hemp Industry Daily reports……A CBD retailer in Vermont has been arrested and charged with theft of service and other charges in cases involving four state hemp farms. Bell owes more than $137,000 to local farmers, but an ongoing investigation into at least 10 similar cases could bring total losses up to $500,000, police told Burlington TV station WCAX.Douglas Bell, the owner of CBD Vermont, a retail store in Waterbury Center, was arrested after writing bad checks.
Bell did not respond to interview requests about the case.
Patrick Sullivan, who owns Ananda Gardens, a poultry and vegetable farm in Montpelier, entered a $50,000 contract with CBD Vermont to grow hemp for the retailer to harvest and manufacture CBD products.
Sullivan’s check for $50,000 bounced, and he called the state police. Sullivan said he hopes his experience is a lesson to other farmers.
“Be really careful about growing a big contract for a business, a hemp business.”
More details about this situation are available here.