Police arrest international gang in $686 million medicinal cannabis scam

MADRID (Reuters) - Spanish police said on Saturday it led an international operation to arrest a gang which allegedly defrauded 645 million euros ($686.41 million) from victims in 35 countries in a scam centred around cannabis plants for medicinal use.

The gang mounted a marketing system and attended international cannabis fairs to convince victims from countries including Spain, France and Germany to invest in the system, the Spanish National Police said in a statement.