Donald Trump’s Ukraine scandal is growing a huge pot subplot

There’s an enormous amount of Russian money sloshing around in the American pot business

15

We’re discovering during Donald Trump’s Ukraine scandal that the president’s lawyer Rudy Guiliani (pictured) hangs with some skillful alleged criminals.

A couple weeks ago, news broke during the president’s Ukraine scandal of Giuliani’s connections to two Russian business associates. Lev Parnas and Igor Fruman are allegedly tied up in a scheme to launder money from Russia and Ukraine through the semi-legal weed industry in Nevada.

But now the New York Times is reporting that the plot may touch virtually every legal weed state in the United States. And that the money behind it reportedly includes eight investment funds of Russian origin.

There’s apparently a huge amount of Russian money sloshing around in the American pot business. And that’s primarily because Russians are willing to do the lending that American banks won’t.

Interestingly, much of the pot focus in the Ukraine story has been on Curaleaf. The U.S. cannabis company is run by Boris Jordan, who was dubbed the industry’s first weed billionaire by Forbes earlier this year. It turns out Curaleaf has been buying up cannabis companies left right and centre with Russian cash.