Shuman got burned in a pump-and-dump penny stock scheme—several of which have been uncovered by the SEC—and doesn't invest in publicly traded cannabis companies anymore, instead putting her money into private licensing, media and real estate companies.
Cheryl Shuman, a high-profile proponent of medicinal marijuana, which she consumed in her own cancer treatment, and founder of the Beverly Hills Cannabis Club that bills itself as "the definitive authority on connoisseurship for discerning cannabis consumers."