Oregon: Department of Consumer and Business Services Orders Tisha Siler, CEO of NE Portland Marijuana Dispensary Cannacea To Pay $40,000 Fine

5 August 2016

Oregon Live report..

The woman at the center of Oregon’s first fraud investigation into a regulated marijuana business clearly knew about a fabricated letter that made bogus claims about her enterprise in an effort to lure investors, the state inquiry concluded.

The Oregon Department of Consumer and Business Services this week ordered Tisha Siler, CEO of a Northeast Portland pot dispensary called Cannacea, to pay $40,000 in fines for multiple violations of state securities law, including selling securities without a license.

The case against Siler is a “classic example of investment fraud in which an individual uses a new and potentially profitable industry as an enticement” to back an illegitimate company, agency spokesman Jake Sunderland said Friday.

Full Report:
http://www.oregonlive.com/marijuana/index.ssf/2016/07/state_slaps_portland_dispensar.html#incart_river_mobile_index

Here’s the Notice of Order

Cannacea Notice Order

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Oregon: Department of Consumer and Business Services Orders Tisha Siler, CEO of NE Portland Marijuana Dispensary Cannacea To Pay $40,000 Fine