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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAs Russian Money Poured Into Cannabis, Giuliani Allies Scrambled to Partake Russian investors have
As Russian Money Poured Into Cannabis, Giuliani Allies Scrambled to Partake
Russian investors have flocked to the U.S. cannabis industry in recent years. One venture involving associates of Rudy Giuliani drew the scrutiny of federal investigators.
By Mike Baker and William K. Rashbaum
Oct. 23, 2019Updated 8:48 p.m. ET
https://www.nytimes.com/2019/10/23/us/kukushkin-giuliani-russia-cannabis-marijuana.html#click=https://t.co/xlvVU4Gc0V
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SAN FRANCISCO At a restaurant meeting in California a few years ago, Brad Hirsch and one of his law clients gathered over a meal with two potential business partners: Andrey Kukushkin and Andrey Muraviev, an investor who had flown in from Russia.
Mr. Kukushkin and the Russian financier were hoping Mr. Hirsch could help them build a stake in the states burgeoning cannabis market, Mr. Hirsch said, and he helped them set up a real estate business that would cater to marijuana operators. Over the span of just a few years, Mr. Kukushkin would join or develop cannabis companies around San Francisco, Sacramento, Los Angeles and Las Vegas, establishing a foothold in everything from real estate and cultivation to retail and delivery.
There was a reason that people like Mr. Kukushkin, who was born in Ukraine and later worked at a Russian investment bank, had a unique opportunity to get in on the ground floor. Federal law still treats cannabis as an illegal substance, and traditional banks have been wary of getting involved. Wealthy financiers have moved in to fill the void including a growing cast of investors from Russia and former Soviet Union countries who have helped shape the industry's growth.
One of the nations largest cannabis companies, Curaleaf, is led by one of Russias most influential financiers and backed by another, allowing the company to pursue rapid expansion and hefty acquisitions.Investment firms have taken their own stakes: A San Francisco-based venture capital fund run by the Russian tech entrepreneur Pavel Cherkashin, backed largely by investors from Russia and the former Soviet Union, has put $2 million into Pure Spectrum, a Colorado-based business marketing CBD products.
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brush
(53,794 posts)his fucking mind.
applegrove
(118,711 posts)Leghorn21
(13,524 posts)Father-in-law of Trump lawyer Michael Cohen reportedly loaned at least $20 million to Chicago cab mogul mentioned in FBI search warrants for Cohen
https://www.cnbc.com/2018/04/19/father-in-law-of-trump-lawyer-michael-cohen-loaned-millions-to-cab-mogul.html
NEW YORK President Donald Trump's personal attorney, whose business dealings are being investigated by the FBI, and his father-in-law have lent $26 million in recent years to a taxi mogul who is shifting into the legalized marijuana industry, according to documents obtained by The Associated Press.
https://www.nbcnews.com/politics/politics-news/trump-attorney-michael-cohen-loaned-millions-cab-mogul-involved-legal-n869541
Seems like this happened fifteen years ago!!
Sure havent heard anything more about it