WATERBURY — A Middlesex CBD processor was arrested this past Wednesday for allegedly failing to pay local hemp farmers $137,500 for hemp harvested this past summer and fall.
Douglas Bell, owner of CBD-Vermont in Waterbury, allegedly victimized five Vermont farms in Washington and Lamoille counties — Ananda Gardens, Cate Farm, Knoll Farm, Zach Woods Herb Farm and Lisa and Ryan Mase, according to Vermont State Police.
Police say Bell owes 10 more farmers money for hemp harvests. The victims, 15 in all, have suffered cumulative losses of $500,000, police said. VSP said Vergennes police are part of the investigation.
VSP allege Bell contracted with the farms to grow hemp and didn’t pay, or he wrote checks that were returned for lack of funds.
The farmers filed theft of services and bad check charges with VSP.
When police arrived at Bell’s home 1:45 p.m. on Wednesday, he was seen driving off and was apprehended on Leland Farm Road in Middlesex. Bell was taken into custody and processed for the investigation into the alleged theft and a DUI.
Bell was held on $10,000 bail at the Northeast Correctional Center in St. Johnsbury. He will be arraigned in Washington County court 12:45 p.m. Thursday.