Dabbing Into The Financial Side Of Marijuana

Law360, New York (January 13, 2017, 4:08 PM EST) -- Marijuana is illegal under federal criminal law.[1] Notwithstanding the federal ban, 23 states and the District of Columbia have legalized the use of medical marijuana.[2] Additionally, every issuer that intends to raise capital from investors for a marijuana-related business must provide a list of risk factors relating to the industry and current legal atmosphere, including informing investors that the issuer may be unable to repay the investors based on the current laws.[3]

As of October 2016, there are 190 public marijuana-related companies.[4] At the end of 2014, the U.S. Securities and Exchange Commission approved registration of shares for Terra Tech Corp.,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS