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.
Tag Archives: Cannavest
The debate surrounding marijuana is not just confusing for Americans voting for new laws or for potential presidential candidates developing an informed stance, it is confusing for those living in states with already-legalized marijuana.
The collapse of the American hemp industry is one of the strangest consequences of cannabis prohibition. For most of U.S. history, hemp, a non-psychoactive variety of cannabis sativa, was regarded as a versatile crop.
LAS VEGAS, July 30, 2014 /PRNewswire/ — CannaVest Corp. (OTCBB:CANV), a leading manufacturer and distributor of hemp and Cannabidiol (CBD) based products, was awarded first place in the CBD concentrate category at the 2014 Michigan Medical Cannabis Cup, in Clio, Michigan on Sunday, July 27, 2014.
With marijuana legalization riding high, investors are looking for ways to play the trend. So far, though, even the biggest companies in this green rush have yet to turn a profit.