LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS (OFI)
ISSUES ADVISORY ON MARIJUANA-RELATED INVESTMENTS


October 15, 2018 - Commissioner of Securities John Ducrest is cautioning investors about schemes and risks associated with marijuana-related investments.

Investments in marijuana business ventures are becoming more prevalent and are receiving increased media coverage.  Fraudsters may attempt to use this attention to convince investors to hand over money for risky or outright fraudulent marijuana ventures.

The full Investor Advisory on this topic is available in the Fraud Awareness section or by clicking here.  The Advisory provides information about common marijuana-related investment schemes and the unique risks associated with marijuana-related investments, including reverse merger and pump-and-dump schemes, and jurisdictional legality.

Before making any financial decisions, ask questions, do your homework and contact the Securities Division of the Louisiana Office of Financial Institutions toll-free at 1-877-516-3653.