CBD Extract Co. Says No Jurisdiction In ‘Ponzi’ Scheme Suit

By Mike Curley (July 22, 2022, 4:53 PM EDT) — A cannabidiol extract company is asking a Los Angeles county court to throw out claims from a business partner alleging that the extract company breached its contract to draw a type of THC from raw materials, saying it doesn’t have significant enough ties to California for the state’s courts to hear the case.

In a reply brief filed Wednesday, Old Belt Extracts LLC urged the court to dismiss the suit from Delta Technologies LLC, saying North Carolina is a more fitting venue for the dispute, as the bulk of witnesses and evidence is located in the Tar Heel State.

Old Belt…

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