SEC Says ICOs May Be Securities Offerings

Purveyors of initial coin offerings (ICOs) received a strong lashing from the SEC yesterday in declaring that one particular ICO was a securities offering that should have been fully registered with the SEC or met with an exemption from registration. A very new and exploding technique, in ICOs companies issue digital tokens through blockchain technology

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Lawsuit: Cannabis Criminalization is Unconstitutional

Former NFL star Marvin Washington and others yesterday filed a lawsuit in NY against the US Government and Attorney General Jeff Sessions. The suit is seeking to declare the Controlled Substances Act (CSA), which makes cannabis illegal under federal law, unconstitutional as to its classification of cannabis as a Schedule I drug, deeming it as

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Bill Would Allow Reporting Companies to Use Reg A+

The House Financial Services Committee is considering a bill that would permit full SEC reporting companies to use Tier 2 of Regulation A+ to effect a streamlined, lower cost public offering of their securities. In implementing rules under the Jumpstart Our Business Startups (JOBS) Act in 2015, the SEC retained the historical restriction that only

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From Sea to Shining Sea

I am a proud and patriotic American. Though my political views have evolved at times through my life, so this is truly not a political statement, that has not changed. One hopes that every American, regardless of their feelings on policy, agrees. Patriotism does not require blind adherence, in fact it requires we never stop

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SEC Expands Confidential IPO Filing to All Issuers

The Jumpstart Our Business Startups (JOBS) Act of 2012 ushered in a very popular alternative for “emerging growth companies” going public and those utilizing Regulation A+: confidential submission to the SEC of your initial planned registration or offering statement. Unfortunately, companies not considered EGCs or eligible for Reg A+ do not have the benefit of

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Cannabis or Marijuana? What’s in a Name?

An insightful article a few weeks ago on MassRoots (www.massroots.com) urges readers to “rebrand” cannabis and call it by its proper scientific name: cannabis. The piece goes through the apparently racist history of those who adopted the term “marijuana” as they pushed for criminalization of cannabis in the US in the 1930s. Mexicans using cannabis recreationally

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June 2017: The Month That Reg A+ Arrived

What a month this has been for those of us involved with the Reg A+ movement going back all the way to 2010. Although dozens of Reg A+ deals, raising hundreds of millions of dollars, had closed before this month, virtually none were trading their stock. In the span of a month, however, we now

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The World is Slowly Legalizing Cannabis

[Updated July 4, 2017 to reflect the addition of Greece which legalized medical cannabis.] A fascinating article in Wikipedia scours the globe to see which countries have taken action to legalize or decriminalize the use of cannabis. While we focus heavily on the dramatic trend here in the US, with 29 states and the District of Columbia

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