I know what you're thinking: Didn't we already hear this? Actually, no. What happened today is that Sam Hurd was officially charged with that which was alleged in the criminal complaint filed against him on December 16, 2011.
You can read the indictment here.
Essentially, Sam Hurd, and a now named co-conspirator, Toby Lujan, are charged with the same thing: Possesion with Intent to Distribute. There are two counts against each man: one for conspiracy and one for intent.
Both individuals are expected to be arraigned (appear in court) sometime in the next few weeks. The proceedings will take place in Dallas, Texas.
According to NBC's Peggy Kusinski, if Hurd is convicted on the conspiracy charge, he faces 10 years to life in prison and up to $10 million in fines. If convicted on the possession charge, he faces five to 40 years in prison and up to $5 million in fines.
There were no additional charges filed in the indictment.