“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
The surge of CBD products combined with Canada's recent legalization of marijuana helped the industry's growth.
Vincent Mehdizadeh allegedly used the proceeds from illegal stock sales to inflate the revenue of his marijuana vending machine company.
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.
The legal cannabis sector is experiencing geometric revenue growth, but finance execs face formidable challenges managing the money.
Colorado court backs the Federal Reserve's denial of credit union's application to serve marijuana 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.
Fraudsters “often exploit the latest growth industry to lure investors with the promise of high returns,” the Securities and Exchange Commission warns.
The banking industry has been holding out on offering lines of credit and loans to marijuana retailers in Colorado. But that may soon change.
Despite weighty challenges, the fast-emerging legal marijuana industry invites a ‘Green Rush’ of interest.
