Fraudsters Target Pot Stocks

Marijuana enforcement officials are beginning undercover sting operations to make sure legal pot stores aren't selling to minors.

DISTRICT OF COLUMBIA:  Wall Street cops are scrambling to weed out fraudsters preying on the fledgling world of corporate marijuana as voters legalize the drug in more states and cities. Publicly traded cannabis businesses are a new vehicle for stock scammers promising big returns. And the number of cases could grow as more regions loosen Read the full article…

The First Pot Stock Billionaire Says His Penny Stock Could Be A Little High

The average daily volume of about 10,900 shares has been light this year, but someone is buying the stock and the $117 it closed at on Friday makes Mackay the world’s first pot stock billionaire thanks to his 15.7 million shares in CannaVest.

NEVADA:  You have probably never heard of Bart Mackay, a 57-year-old Las Vegas lawyer who works on various ventures like Dot Vegas, which operates the .Vegas top-level domain. But on paper, Mackay is the first pot stock billionaire. Mackay’s holdings in CannaVest, which bills itself as the world’s leading hemp-based investment company, are valued at Read the full article…