VC Kathaleen McCormick Nominated as Next Del. Chancellor
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Cannabis Valuation: Colorado Court Speaks to Contract Rights Involving Illegality
As reported in this Law360 piece, “Illegality Nixes Most of Marijuana Investment Scheme Suit,” a Colorado judge dismissed an investor’s fraud claim against the principal behind an investment vehicle whose strategy revolved around the Colorado cannabis industry. The court found that the relief sought would violate the Controlled Substances Act, underscoring the perils of investing in a space that remains federally illegal. While courts generally understand themselves to be capable of granting relief so…