Plus   Neg

Owner Of Colorado Medical Marijuana Dispensary Indicted, Along With 11 Others

The owner of three medical-marijuana dispensaries has been indicted, along with 11 others, by a Colorado grand jury that allege that the dispensaries served as a front for an illegal marijuana-growing operation and investment scam.

The Denver Post reports that indictment holds 71 different charges against the dispensaries' owner, several of his business partners, a marijuana-grower, a lawyer and a doctor, and that the 12 people named in the indictment are facing charges of racketeering, marijuana cultivation and distribution, money laundering, securities fraud, tax evasion, forgery and attempt to influence a public servant.

A spokeswoman for the attorney general's office says that the indictment resulted from "the careful oversight of the Department of Revenue and tight coordination between state agencies."

The indictment alleges that Conley Hoskins, 34, the dispensaries' owner and Dallan Dirkmaat, 37, a lawyer along with others, plotted to solicit investments in the dispensaries, then divert the money into other personal uses.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT