California Cannabis Queen in Trouble With the Feds
By JW August
Laurie Holcomb, founder of a multiple cannabis companies, has made serious errors in judgment, alleges the U.S.Attorney’s Office in San Diego. The government announced last week it had filed a false claims act complaint against her, claiming that she had illegally obtained five pandemic loans from the federal government.
Her companies were engaged in the “cultivation, distribution, and retail sale of recreational cannabis and cannabis products,” according to the government’s filing. As is commonly known, it’s legal to plant, cultivate and smoke marijuana in California if you play by its rules. Not so with the federal government if it’s sold for recreational use, it’s still considered highly restricted Schedule I drug.
Holcomb’s mistake, the U.S. Attorney alleges, was when she asked the government for money. It was during the pandemic times and she borrowed from the Paycheck Protection Program, or PPP, which was created to help businesses during the pandemic. She convinced the government to give her $1.4 million.
Holcolm’s company claims to have generated $100 million in annual sales of cannabis, according to various media reports. The company also has a 100,000 square-foot cultivation campus in Los Angeles.
The company is described in the media reports as one of the leading legal cannabis companies in the state, having distributed marijuana all over California, including numerous locations in San Diego. Debts and merger decisions forced her to file for bankruptcy protection in March of last year.

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