Tuesday, July 24, 2018 1:29:28 PM
As with any investment, make sure you understand the marijuana-related company’s business and its products or services. Carefully review all materials you are given and verify the truth of every statement you are told about the investment.
Pay attention to the company’s financial statements, particularly if they are not audited by a certified public accountant (also called a CPA).
If the company files reports with the SEC, review the most recent reports.
If the marijuana-related company is a microcap company that does not file reports with the SEC, ask your broker for the “Rule 15c2-11” file (the federal securities laws may require your broker to have certain information about the company).
If the marijuana-related company is offering securities in an unregistered offering, read the offering memorandum or private placement memorandum (also called PPM), and pay particular attention to any risk factors noted. Review the terms of any subscription agreement or other agreements for the investment.
Search SEC.gov to see whether the SEC has taken any action against the company or anyone associated with the company.
For more information about how to research an investment, read our publication Ask Questions.
Any posts are just an opinion and should not be taken as investment advice. Always do your own DD
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