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US (FL): Collapse of Palm Springs cannabis grow sparks fraud, extortion claims

A prominent cannabis cultivator in Palm Springs has collapsed into a complex web of fraud allegations and lawsuits.

The Kings Garden cultivation facility no longer operates after the breakup of its senior leadership team. The site had been scheduled to expand to over 200,000 square feet, more than five times its original size.

But allegations of financial fraud and extortion have stalled its development, and what was once called California's predominant cannabis cultivator is now locked in a contentious legal dispute.

Multiple parties involved in the financing, operation and construction of the property have hurled accusations against each other, including the two brothers who helped start the company. Property owner Innovative Industrial Properties Inc. sued both Kings Garden and a local subcontractor hired to build cannabis cultivation facilities for millions of dollars, alleging its investment funds had been fraudulently spent.

Read more at Desert Sun

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