The Soft Underbelly of Marijuana Investing

We were recently invited to the Harvard Club in New York City to cover a conferenceon cannabis investing as a roving reporter. The Harvard Club seemed to be more tweedy than weedy. Our interest flagged when we learned that there would be no edible samples at the conference. We wondered at the insensitivity of the conference organizers.

Even though there was nothing we could really sink our teeth into, on closer inspection there were points of interest. The conference was probably an excellent snapshot of the industry today.

Of the eight presenting public companies over half had gotten themselves listed on the OTCQB marketplace. Investors there are protected by regulations such as this: “To be eligible, companies must be current in their reporting and must undergo an annual verification and management certification process. Companies must also meet a minimum ($0.01) bid test and may not be in bankruptcy.” Two other...

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