Lawsuit: Former DNC and Minn. political operative defrauded South Dakota cannabis companies
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February 24, 2023
Glen Stubbe, Star Tribune
Two South Dakota medical cannabis companies are suing a fund managed by former Democratic political operative Will Hailer.
A former Minnesota political operative who worked for the Democratic National Committee is accused of defrauding two South Dakota medical cannabis companies and their investors of nearly $1.7 million.
Dakota Natural Growers, 605 Cannabis and about two dozen of their investors filed a lawsuit in Hennepin County in December against Will Hailer, eSt Ventures LLC, Badlands Fund GP LLC and Badlands Ventures LLC. The lawsuit claims that Hailer and the three funds Hailer manages solicited a total of $3.5 million in investments with the "intention of stealing and/or misappropriating most of the money."
"We're disappointed that this money was stolen from us," attorney Jason Tarasek said on behalf of the plaintiffs he's representing. "These are new entrepreneurs excited about a new opportunity to bring medicine to people in South Dakota, and [they] put their trust in someone who wasn't worthy of it."
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