The hemp industry is still wading through a collective backlog of litigation that swiftly multiplied after the collapse of CBD markets in 2019.  Bankruptcies, Force Majeure, and even suicides marked that dark period in the hemp sector’s development.  The “green rush” that swept the country after hemp legalization in 2018 was near hysteria, and ancillary markets related to CBD hemp cultivation were a breeding ground for fraud.

Tuesday, the United States Attorney for the Southern District of New York, Damian Williams, announced that Vitaly Fargensen and Igor Palatnik each pled guilty to one count each of conspiring to commit securities fraud after the duo mislead investors about their CanaFarma Corp. and…