FINRA

The Latest Buzzkill: Marijuana Stock Scams

Posted on 09/13/2013 by |AARP Blog Author | Comments

Money & SavingsPromised incredibly (ahem) “high” returns by investing in medical marijuana stocks? It’s a (groan) pipe dream — and those touting big money can be made from medicinal toking are likely scammers, warns the Financial Industry Regulatory Authority (FINRA). With medical marijuana now legal in 20 states and the District of Columbia — and its recreational use recently decriminalized in Colorado and Washington state — the timing is especially ripe for such investment ripoffs. “The cannabis business has been getting a …