Retiree Testifies Left's Cannabis Critiques Cost Him Most of His 401(k)
In the Los Angeles securities-fraud trial of Andrew Left, a retired firefighter testified that he turned about $110,000 from his 401(k) into cannabis stock CV Sciences after watching Left’s coverage, which later caused the stock to fall; he sold at roughly an $80,000 loss and then put remaining funds into Namaste Technologies (now Lifeist Wellness), losing about 80% of that investment after Left publicly criticized the stock. Another retail investor testified that Left’s actions seemed dubious, while the defense argued Left’s reports were accurate. The trial is ongoing.
