Global Cannabis Sales Could Hit $15B This Year
The surge of CBD products combined with Canada's recent legalization of marijuana helped the industry's growth.
Pot Entrepreneur Fined $12M in Fraud Case
Vincent Mehdizadeh allegedly used the proceeds from illegal stock sales to inflate the revenue of his marijuana vending machine company.
Marijuana Firm Charged With $12M Stock Scam
The SEC says the CEO of Fusion Pharm and his brother-in-law recorded the proceeds of illegal stock sales as revenue for the company.
Banking, Tax Regs Eat Into Marijuana Profits
The legal cannabis sector is experiencing geometric revenue growth, but finance execs face formidable challenges managing the money.
Pot Bank Loses Legal Battle With Fed
Colorado court backs the Federal Reserve's denial of credit union's application to serve marijuana businesses.
Are Banks Gouging Marijuana and Bitcoin Businesses?
"Banks are looking at all the risk factors and saying, ‘I have more on the line to bank this industry and we're going to bill them more,'" says one expert.
SEC Suspends Fifth Pot Industry Microcap
Fraudsters “often exploit the latest growth industry to lure investors with the promise of high returns,” the Securities and Exchange Commission warns.
The Bud Starts Here
The banking industry has been holding out on offering lines of credit and loans to marijuana retailers in Colorado. But that may soon change.