Key Takeaways
- • Baltimore-based Evermore Cannabis Co. must pay a $1.98 million arbitration award after a California state court judge upheld the ruling, according to Law360.
- • The award stems from fees Evermore promised to pay a capital advisory firm under a contract that helped the marijuana cultivator secure loans.
- • The arbitrator found Evermore intentionally avoided the fees, a finding the court left in place.
- • The case highlights enforcement risk for cannabis operators relying on advisory and financing arrangements.
Summary
Baltimore-based Evermore Cannabis Co. must pay a $1.98 million arbitration award after a California state court judge ruled the award enforceable, according to a report by Law360 reporter Jonathan Capriel dated October 27, 2026.
The award arises from a contract between Evermore and a capital advisory firm. Under that agreement, the advisory firm helped the marijuana cultivator secure loans, and Evermore agreed to pay fees for those services. The arbitration panel found that Evermore intentionally avoided paying those fees.
The ruling underscores the legal exposure that cannabis operators face in contractual disputes with service providers, particularly where financing arrangements are involved. Full details of the court's reasoning were not available in the portion of the article reviewed.
The award arises from a contract between Evermore and a capital advisory firm. Under that agreement, the advisory firm helped the marijuana cultivator secure loans, and Evermore agreed to pay fees for those services. The arbitration panel found that Evermore intentionally avoided paying those fees.
The ruling underscores the legal exposure that cannabis operators face in contractual disputes with service providers, particularly where financing arrangements are involved. Full details of the court's reasoning were not available in the portion of the article reviewed.
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