By: Dowdy White, Spring 2018 IAC Student Intern
According to a comedic sketch from Jimmy Fallon, a “new report claims that William Shakespeare was a big marijuana user and may have been high when he wrote some of his plays . . . which explains that one line: ‘To be, or not to be… Wait. What was the question?’” If you’re a fan of late night comedy television, the odds are that you have heard plenty of jokes revolving around the debate about medical and recreational marijuana use in the United States. However, there is one aspect of this debate that really is no joke: marijuana-related investments.
According to the U.S. Securities and Exchange Commission (SEC), there has been in an increase in the number of investor complaints regarding marijuana-related investments. Specifically, investors have been lured into investing in marijuana-related companies with the promise of extremely high returns only to have their entire investments disappear. The SEC warns investors that “fraudsters often exploit the latest innovation, technology, product, or growth industry [like marijuana]” to bait investors into fraudulent or dangerous investments. Continue reading