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Benzinga
Benzinga
Business
Andrew Ward

RICO Charges: Once Reserved For The Mafia Now A Familiar Anti-Cannabis Industry Tactic

Charges stemming from the Racketeer Influenced and Corrupt Organizations (RICO) Act have long been a looming threat in the cannabis industry. Coming from civil, state and federal levels, the charges have been used as a method to stymie cannabis operations, whether just or not.

Established in 1970, US RICO charges were initially meant to pursue high profile mob bosses, but now cover a range of offenses, including gambling, money laundering, slavery, racketeering and a slew of other illegal business allegations.

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