Report: Scammers Are Taking Advantage Of America’s Marijuana Boom
As marijuana becomes more and more lucrative, a new investor alert warns of an increase in marijuana stock scams.
As marijuana becomes more and more lucrative, a new investor alert warns of an increase in marijuana stock scams.
“Call it the ‘green rush,’” says one marijuana entrepreneur. “The industry is expanding, and there are all kinds of investment opportunities.”
As sellers of a product deemed illegal by the federal government, many marijuana entrepreneurs are often denied bank loans or deposit accounts and struggle to attract financing from private investors. But with nearly half of state governments legalizing marijuana for medical and recreational purposes, investing in marijuana-related
Katie Rucke is a MintPress staff writer and investigative report specializing in the war on drugs, criminal justice, marijuana legislation, education and watchdog investigations as well as whistle-blowers. Her investigations related to the coverage of the 2010 Toyota recall scandal, and coverage of the trials of Anonymous hacker and proclaimed activist Jeremy Hammond as well as Bradley Manning have received international acclaim. Rucke has been recommended by the Wikileaks organization as a trusted journalist in 2013. Rucke has also written pieces for Yahoo! and various community magazines. Follow Katie on Twitter: @katierucke