* Background is here, here, here and here. From the Sun-Times…
State Sen. Patricia Van Pelt’s embattled CBD business has paid back more than $144,000 to investors as part of a settlement agreement stemming from an investigation by the Illinois secretary of state’s office, the Chicago Sun-Times has learned.
WaKanna For Life LLC, the Chicago Democrat’s Douglas-based multilevel marketing firm, is touted as a “movement” that has helped thousands of African Americans sell hemp-based CBD, or cannabidiol, a legal and nonpsychoactive compound also found in cannabis that’s used to treat a range of conditions. The company’s “founders” — Van Pelt, CEO Melissa Boston, Dr. Rita McGuire and Phyllis Nash — are all Black women.
Van Pelt began hosting cannabis investment workshops as Illinois’ pot legalization push gained steam in early 2019.
“I’m riding the wave with the rich,” she says in a promotional video that showed her talking to a crowd about becoming “marijuana millionaires.”