Hilary Bricken, a Cannabis Business Attorney shares her insights on how the marijuana industry, with all its growth and complicated & constantly changing rules, is a chalk full of scammers & con-artists.

The following 6 marijuana scams are the ones that usually happen:

1. Marijuana Penny Stocks -As the SEC keeps pointing out, many publicly traded cannabis companies are vehicles for investor fraud.
2. Reverse Merger Marijuana Stocks – he underlying publicly traded company is usually just a shell company with little or no assets or positive business history. the whole point of these scams is to acquire investors and raise capital before everything goes bust
3. Marijuana franchises – most fail to account for all the reporting, registration & disclosure requirements required by law & regulations
4. Some marijuana trademark licensing structures – this has led to licensing contracts rife with errors and omissions and that in the end fail to transfer any protectable IP assets or even lead to their forfeiture.
5. Marijuana “crowdfunding.” – Though the SEC’s rules for crowdfunding advertising are incredibly strict, I am already hearing of crowdfunding cannabis companies seeking to skirt these new rules to the detriment of their investors.
6. State-illegal marijuana companies – Make sure you know what’s lawful under state and local law before you put your hard-earned funds or time into a company that’s only going to get shut down

   More details on the above listing here – ABOVE THE LAW