Why talk about due diligence? Two words: Bernie Madoff. So what does Bernie Madoff have to do with investing in cannabis? Everything!
Tag Archives: ARCPC
On July 9, 2015, the Securities and Exchange Commission announced that it had settled charges against Alexander Hawatmeh and Christopher Mrowca. So far, so good, but is the legal marijuana industry any safer for investors?
BOULDER, Colo., June 19, 2015 /PRNewswire/ — Surna, Inc. (OTCQB: SRNA), a technology company that engineers state-of-the art equipment for controlled environment agriculture (“CEA”) with special expertise in cannabis cultivation, announced today it was selected for membership by the Association of Responsible Cannabis Public Companies, Inc. (“ARCPC”).
At the Marijuana Investor Summit in Denver on April 21, 2015, representatives from five publicly traded cannabis businesses gathered to discuss the state of the cannabis industry from a public company’s perspective.
Ever since the SEC cracked down on marijuana-related investments in 2014, potential investors have been painfully aware of the need to conduct adequate due diligence on the early-stage companies that come courting.
Public stock investors in the cannabis industry are largely relegated to the over-the-counter marketplace. This is much different from stocks trading on an exchange, and far less expensive for companies to access.
As founder and managing partner of Dutchess Capital, a Boston-based venture capital firm, Douglas Leighton is no stranger to burgeoning industries.
Even in the wake of warnings from the SEC regarding fraudulent marijuana stocks, investors are still seeking ways to capitalize on the “green rush.”
Few business sectors are growing as fast as the cannabis industry. After the 2014 midterm election, the recreational market expanded from two states to four; and many expect marijuana to become legal nationwide within the next decade.