Convicted marijuana executive reaches settlement with former partner

California marijuana mogul Helios Dayspring – who pleaded guilty last year to charges of bribery and tax evasion – reached a settlement with a former business partner in a civil legal dispute involving multiple cannabis companies.

According to CalCoastNews, Dayspring agreed to a “confidential settlement” with William Szymczak, an 83-year-old investor who put more than $17 million into businesses run by Dayspring, who owned 805 Agricultural Holdings and Natural Healing Center.

He also ran several cannabis shops on the central California coast.

Szymczak sued Dayspring in 2020 – after criminal charges were brought against Dayspring – accusing the businessman of misappropriation of funds, breach of contract, fraud and elder abuse in a civil lawsuit.

Dayspring pleaded guilty last October to one charge of bribery and one charge of tax evasion.

Expert advice for a stronger shelf life

Learn the fundamentals for getting started in cannabis retail in this comprehensive guide curated by the editors at MJBizDaily with help from industry experts.

Inside the MJBizDaily Retail Buyers Guide:
  • Learn best practices for designing a cannabis dispensary.
  • Select display infrastructure that supports industry compliance.
  • Choose the right point-of-sale system for your operation.
  • How to incorporate e-commerce and home delivery.
  • And more!


He is scheduled to be sentenced April 22.

Dayspring, who faces up to 13 years in prison and a $500,000 fine, has already agreed to pay back taxes he owes the IRS and $3.4 million in restitution.