Montana hemp growers awarded$65 million for 'deceptive' deal
The civil judgement , the second -highest ever awarded in Montana, highlights volatility and growing pains in the CBD market.
November 29, 2023
Hemp, a crop that largely flew under the radar in Montana when it was planted under a pilot program three years ago, is now central to one of the largest civil awards in the state's history. A jury in Wolf Point last month awarded 25 eastern Montana farmers $65 million in compensatory and punitive damages, finding that a handful of Canadian and American businessmen had committed negligence, fraud and deceit in failing to fulfill contracts, leaving the crops unpaid for and languishing in fields. The award brings into focus the volatility associated with the emerging market for CBD, a compoun...