Cannabis Ponzi Schemes
Canna Law Blog
MAY 3, 2022
Investors in marijuana businesses face many risks. To name just a few: the subject of their investment is illegal under federal law; the businesses in which they are investing face heavy tax burdens because of IRC 280e; and the lack of access to banking services means businesses operate nearly exclusively cash, which makes tracking sales, expenses and profits more subject to falsification.
Let's personalize your content