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Juicy Fields ‘Splinter Group’ Claims To Be Raising New Funds To Refund Victims, But Investors Warned Not To Share Details

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As everybody suggests.. tread extremely carefully

BusinessCann reports

LAST month a new iteration of Juicy Fields, dubbed Juicy Fields DAO (Decentralised Autonomous Organisation), contacted BusinessCann directly to inform us of a supposed new refund initiative, which it says has seen €367,014 reimbursed to 56 investors.

This new entity claims to be a ‘splinter group’ of volunteers and supporters who have banded together with the ‘sole mission to restore the platform’s operations, honour and investment’.

The so-called ‘Emergency Refund Group’ provided a number of email screenshots as evidence that these refunds had indeed taken place, which are also published on the company’s website.

Investors urged to remain cautious

BusinessCann has so far been unable to corroborate any of this evidence and has been unable to find anyone who can confirm the receipt of any funds from the company.

When asked if he was aware of any victims that had received a refund in his class action lawsuit, now understood to include around nearly 1,000 victims, Swedish lawyer Lars Olofsson told BusinessCann: “One of my clients has said that he has received money back. I’ve asked him if he could show me, and he has then refused. So, I’m not totally convinced.”

The Asociación Afectados Inversiones CBD, an organisation representing 1,050 victims in a class action lawsuit in Spain, told BusinessCann that its advice to investors considering signing up to the refund scheme is ‘never believe the scammers’.

“Taking into account our experience in this kind of case, the scammers are never going to send the money back to the affected people. Because we are talking about money that can be tracked by the authorities, they won’t give any clue to the courts.

“Never send personal information to the scammers, because they are just trying to gain time and, if they can, get more money and information from the JF investors to sell.”

For the first time since BusinessCann began investigating the Juicy Fields case in July 2022, the group has responded to our questions regarding its recent claims.

The 56 refunds that the group claims to have issued were reportedly selected based on how vulnerable the victim is and whether they are able to provide ‘relevant documents confirming the fact’.

Asked where the money for these refunds has been sourced from, the group said: “Part of the operating capital balance is in cryptocurrency. As the platform’s user base and fund turnover increased, the platform has always maintained a pool of funds in three cryptocurrencies to ensure minimal delay in withdrawals (a reserve fund).”

Bankruptcies

However, this reserve fund is reportedly being used to ‘pay for emergencies’ only, while Juicy Fields’ central funds ‘are frozen in bank accounts’ since the company officially entered insolvency.

On November 4, 2022, Juicy Holdings BV, part of the wider business registered in the Netherlands in 2021, was declared bankrupt by the Amsterdam District Court.

The administrators, CMS Law, say that ‘conducting an investigation into the causes of the bankruptcy’ is one of its primary tasks, one that it says ‘will take a long time given the complexity of the bankruptcy’.

Crucially, this means that not only are there no longer any funds available for the supposed refund team to dish out, but any creditor claims against Juicy Fields will now have to go via the Dutch courts.

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Juicy Fields ‘Splinter Group’ Claims To Be Raising New Funds To Refund Victims, But Investors Warned Not To Share Details



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No Suprises Here …..”Former DEA And HHS Officials Suggest Marijuana Rescheduling Could Be Delayed Indefinitely If Trump Doesn’t Proactively Support It”

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If anybody is surprised by the following they need their head examined..

Marijuana Moment

Without proactive advocacy for marijuana rescheduling from President Donald Trump personally, the process could stall indefinitely, former officials with the Drug Enforcement Administration (DEA) and U.S. Department of Health and Human Services (HHS) say.

What’s more, rescheduling proceedings that are currently paused could be suspended altogether if the new administration reinterprets legal arguments about federal drug policy that were made by the Justice Department’s Office of Legal Counsel (OLC) under the Biden administration.

During a virtual event organized by Ohio State University’s (OSU) Drug Enforcement and Policy Center on Tuesday, the officials pulled back the veil on the drug rescheduling process and weighed in on the fate of the proposal to move cannabis from Schedule I to Schedule III of the Controlled Substances Act (CSA).

While HHS and the Justice Department backed marijuana rescheduling following the review initiated by former President Joe Biden, that process stalled near the end of his term due to issues in DEA administrative hearings. It’s unclear when those hearings might resume or how DEA might approach it differently under Trump.

Matt Lawrence, a former senior advisor with DEA, said he sees three potential outcomes for rescheduling in the Trump administration.

The first is that DEA does “essentially nothing at all,” kicking the can down the road and continuing to delay the process without explicitly ending it. That might involve administrative updates along the line, but in essence this would be the path of least resistance.

DEA might alternatively do “something really quick” to finalize the rescheduling rule. But Lawrence said he expects that would be incumbent upon Trump making the issue a “presidential priority.”

Supporters of rescheduling got an unwelcome update on that front last week, however, as the White House Office of Drug Control Policy (ONDCP) released a report that outlined the administration’s top drug policy priorities for Trump’s first year of his second term—and it notably did not mention rescheduling or other cannabis reforms.

Lawrence said he could also see a scenario playing out where DEA moves forward with rescheduling, but the agency determines that it needs to separately propose rules to regulate cannabis as a Schedule III drug to meet international treaty obligations.

Ultimately, however, he said “the biggest thing to predict among those three paths is politics” and whether the administration perceives rescheduling as a political motivator or detractor.

“I leave that to political experts to kind of make that prediction,” Lawrence said. “But if it’s not a political priority—or if it’s a mixed political thing, like it’s a win and a loss—then you’ve got to assume it’s going to be the can-kicking approach.”

Patricia Zettler, a former deputy general counsel at HHS separately said at the OSU event that one factor she’s taking into account is the fact that Trump’s pick to run DEA, Terrance Cole, “has a long record of career service at DEA, which I don’t think bodes particularly well for support of rescheduling.”

Read full report

https://www.marijuanamoment.net/former-dea-and-hhs-officials-suggest-marijuana-rescheduling-could-be-delayed-indefinitely-if-trump-doesnt-proactively-support-it/

 



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REGISTER YOUR INTEREST: International Cannabis Symposium – Sandton Convention Centre, Johannesburg, South Africa May 30 – June 1, 2025

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International Cannabis Symposium

Sandton Convention Centre

Johannesburg, South Africa

May 30 – June 1, 2025

REGISTER

The International Cannabis Symposium: Law, Trade, and Standards is a premier, invite-only event designed for cannabis trade delegations, policymakers, legal experts, and key industry stakeholders. This inaugural symposium will be held on May 30, 2025, at the Sandton Convention Centre, Johannesburg, coinciding with the South African Cannabis Expo (May 30 – June 1, 2025).

This exclusive gathering will bring together global leaders in cannabis and hemp regulation, commerce, and compliance to discuss the latest legal frameworks, international trade opportunities, and industry standards.

REGISTER

Welcome and Morning Keynote

Africa’s Green Revolution: The State of Cannabis & Hemp

From Africa to the World: Expanding African Cannabis Markets

Afternoon Keynote with Steve D’Angelo

Cross-Border Cannabis: Navigating Global Trade Agreements

Cannabis Without Borders: The Globalization of Cannabis Law

Raising the Bar: Global Standards in Cannabis & Hemp Compliance

 

 



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Canada: Metrc kicks off “pilot” program

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Nobody left in the US.. now it’s time for Canada

The Edmonton jnl

A pilot project in Alberta is aiming to transform cannabis product transparency with Metrc’s Retail ID system. By simply scanning a QR code provided at purchase, consumers gain access to lab test results, certificates of analysis (COA), product name, image, cannabinoid, and terpenes, ensuring greater trust in legal cannabis products.

“For the pilot, it’s limited to just one product which is manufactured by Token Naturals and distributed by Plantlife Cannabis. So when consumers scan the QR code, they’ll be taken to a landing page that provides supplemental information on the product,” he said.

The initiative, supported by Alberta Gaming, Liquor and Cannabis (AGLC), Token Naturals, and Plantlife Cannabis, serves as “a proof of concept,” Urbanowicz said.

“We’re in discussions with Token Naturals, Plantlife Cannabis, and AGLC. Our goal is, once we demonstrate the proof of concept, that we’ll be able to expand to additional products, potentially to additional businesses as well,” he said.

Metrc, which has experience deploying the system in the U.S., ensures data accuracy through a structured compliance approach, though noted there’s not the same source of record system in Canada as in the U.S. As part of the pilot, Token Naturals, the local manufacturer located in Edmonton, tests results into their system and generates a QR code. The QR codes and products are then shipped to AGLC’s distribution center, which supplies retailer Plantlife Cannabis. Plantlife then distributes the QR code stickers and business cards to consumers.

https://edmontonjournal.com/business/albertas-new-qr-code-system-enhances-cannabis-transparency-a-first-for-canada?utm_medium=email&_hsmi=105979819&utm_content=105979819&utm_source=hs_email



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