On June 15, 2017, the United States Securities and Exchange Commission called hemp oil fraud on a public company, filing a complaint in federal court that claims CV Sciences (OTCQB:CVSI) , formerly known as CannaVEST, and its CEO, Michael Mona, Jr., intentionally overstated the company’s total assets.
Tag Archives: Fraud
SEC Charges Hemp Oil Company and CEO with Fraud
WASHINGTON, June 16, 2017 /Weed Wire/ — The Securities and Exchange Commission filed fraud charges against a Las Vegas-based hemp oil company and its CEO for inflating the company’s assets on its balance sheet.
Florida Warns of Medical Cannabis Scams
On April 19, 2017, the Florida Department of Health announced that state residents should be cognizant of medical cannabis scams as the DOH has received reports of fraudulent advertisements for free or cheap medical cannabis.
Department Urges Caution to Avoid Reported Medical Marijuana Scams
TALLAHASSEE, Fla., April 19, 2017 /Weed Wire/ — The Florida Department of Health is urging Florida residents to use caution to avoid medical marijuana scams.
Feds Penalize Medical Marijuana Company for Fraud
A federal court in Boston last week entered judgments against a publicly traded company purportedly serving medical marijuana businesses over allegations that it defrauded investors by lying about the company’s true owner.
How Big Could the Opportunity Be for Marijuana Stocks in California?
The market for marijuana is exploding as Americans overwhelmingly embrace legalization. Analysts are projecting tens of billions of dollars in future marijuana sales, making this an intriguing market for investors.
Michigan Doctor Approved 11,800 Patients for Medical Marijuana
The report released Thursday by Michigan Auditor General Doug Ringler found that 22 other physicians certified a combined 46,854 medical marijuana patients, or 56% of the total for the 2015
Marijuana-Related Company Charged with Scheming Investors
WASHINGTON, Sept. 16, 2016 /Weed Wire/ — The Securities and Exchange Commission today announced fraud charges in a scheme involving illegal stock sales and false financial filings of a company that makes containers for growing marijuana.
An Investor Is Suing A California Edible Pot Company For Fraud
A California investor claims marijuana chocolates brand Altai swindled him out of $750,000 under false pretenses. The CEO allegedly used the money on private jets and fancy hotels.
Cannabis Pesticide Facing Class Action Lawsuit
On July 14, 2016, Benjamin Efran filed a class action lawsuit in Oregon’s Multnomah County Court against Guardian mite spray.
SEC Charges ‘King Of Pot’ With Investment Fraud
Federal securities regulators have filed a complaint against Bruce Perlowin that charges the CEO of publicly-traded Hemp Inc of committing a long-running fraud by evading securities registration provisions and selling hundreds of millions of unregistered shares.
SEC warns investors about marijuana-related investments – Investment Executive
Following its transfer to droop a fifth microcap firm that claims to be engaged within the rising marijuana business, U.S. securities regulators issued a warning to investors about the danger of fraud within the area. Proper information regarding trade within the marijuana sector may be withheld from hungry investors, the SEC warns. VIEW FULL ARTICLE