Blum Holdings Inc (BLMH)

[mfdesigner]

The problem with this sector is lack of buyers. No volume across the board.

I remember kevin o'leary saying on CNBC:

Television personality and real-life venture capitalist Kevin O’Leary says the booming marijuana industry has caught his interest.

“I would very much like to invest in it,” the co-star of ABC’s reality show Shark Tank told CNBC on Wednesday.

But the investor says laws at the federal level prevent him from putting his money where his mouth is.


Is it true investing in this sector by purchasing public companys' stocks and profiting from it still illegal? (I am talking about large taxable profits in the range of millions of course.)
That may explain the lack of volume since the start of 2015.