CV Sciences Inc (CVSI)

[SpaceLady]

The product in question was "YOLO CBD", But apparently there was no CBD in it at all, only a synthetic called SPICE. It's companies like this that put the entire industry in a bad light... I guess this is part of the Wile Wild west of CBD... ferreting out the bad guys.

DOJ article dated Sep 5, 2019

Janell Thompson Was the Vice-President, Chief Financial Officer, and Co-Owner of a Business that Distributed Large Quantities of Smokeable Synthetic Cannabinoids

Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced today that JANELL THOMPSON, the former vice-president, chief financial officer, and co-owner of a consumer products wholesaler based in California, pled guilty today before U.S. District Judge Naomi Reice Buchwald to using her business to distribute massive wholesale quantities of smokeable synthetic cannabinoids throughout the U.S. and to laundering the proceeds of that scheme.

U.S. Attorney Geoffrey S. Berman said: “Janell Thompson’s position as a company CFO and vice president masked her true identity: a drug trafficker and money launderer. Through her wholesale company, Thompson distributed massive quantities of illegal and potentially dangerous synthetic cannabinoids throughout the U.S. Thompson now faces 40 years in prison for her crimes.”...

...Some of the SSC distributed by THOMPSON’s scheme were branded with colorful graphics and distinctive names, including “Yolo.” The branded SSC sometimes were misleadingly marketed as “herbal incense.” Other of the SSC were distributed in bulk quantities.

AP article by Holbrook Mohr dated Sept 16, 2019 This is a good read and listen about the questionable companies out there. Same person, Jenkins, was interviewed, but I think AP had Jenkins first, then CNN followed up.

Mathco CEO Katarina Maloney said in an interview at company headquarters in Carlsbad, California, that Yolo was handled by her former business partner and she did not want to discuss it...

...As part of an employment complaint filed in court records, the former bookkeeper said Maloney’s former business partner, Janell Thompson, was the “exclusive salesperson” of Yolo. Reached by phone and asked about Yolo, Thompson hung up.