Cannabidiol oil firm execs accused of operating Ponzi scheme

Hopes were high in Lincoln County when a Texas hemp processing facility came to the state five years ago with big promises of new jobs and big money for investors.

Isotex Health touted itself as a company that specialized in making cannabidiol oil, a non-intoxicating hemp plant extract, and industrial hemp. In 2019, the company set its sights on the former Stinger building in Libby.

“It’s a big positive for Libby,” said Jerry Bennett, then a Lincoln County commissioner, in October 2019. “We think it’s great, getting people back to work.”