About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

26 Widener L. Rev. 53 (2020)
The Green Rush: The Public Marijuana Securities Market

handle is hein.journals/wlsj26 and id is 63 raw text is: The Green Rush: The Public Marijuana Securities Market Luke Scheuer* ABSTRACT Over the past twenty years, more and more states have legalized the sale of marijuana. Despite its continued federal prohibition under the Controlled Substances Act, entrepreneurs and investors have rushed to be among the first to meet consumer demand for legal marijuana. Investors are lured by the promise of high profits and growth potential, and the belief that the first businesses to corner the market will have a return comparable to Google and Amazon, which made early investors enormous amounts of money. Unlike Google and Amazon, however, the early marijuana companies seeking to raise investor capital face a host of legal challenges stemming from the conflict between federal prohibition and state legalization ofmarijuana. One of the legal challenges is how to navigate the world of securities laws when a company's main line of business violates federal law. While some companies have successfully gone public, the process has not been straight forward. This article will explore the various extra hurdles standing in the path of marijuana companies seeking to go public and the investing public seeking to get rich investing in these companies. 1* Associate Professor of Law, Widener University Delaware Law School, H. Albert Young Fellow in Constitutional Law, and faculty member of the Institute of Delaware Corporate and Business Law. Luke Scheuer has previously published articles in the areas of corporate law, cannabis business law, and professional responsibility. The author would like to thank the Widener University Delaware Law School Law Review and attendees of the Marijuana Business Law in the Tri-State Area for their valuable assistance with this article.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most