#cannabisindustry – “The court noted that the intention to invest in a lawful business did not render the illegality issue moot and, consequently, reframing the relationship did not by itself preclude dismissal. Some dicta of the Court is particularly demonstrative of how much it did not want to get involved:

“Key aspects of this lawsuit concern activities that represent either actual ongoing CSA violations (by Defendants) or the attempt to recover the investments in an enterprise (Clover Top Holdings, Inc.) whose activities implicate the CSA. Marijuana is not an indirect or tangential aspect of the dispute. It lies at the heart of the business and thus the lawsuit … [the Court] may not vindicate equity in or award profits from a business that grows, processes, and sells marijuana.””

https://harrisbricken.com/cannalawblog/cannabis-litigation-the-illegality-defense-and-damages/