Marijuana IPOs Risk Class-Action Lawsuits – MainStreet

NEW YORK (MainStreet) — Colorado Green Tours is currently a private company in Denver with possible designs for an IPO.

“Going public is not at the forefront of our mind, but its a possibility,” said Peter Johnson, founder of the travel agency. “Theres so much stuff going on right now.”

“To go public, a marijuana company is going to need to demonstrate a broad, scalable and legal marijuana market in perpetuity,” said Britton. “We are a long way from that in pot distribution. A laundry list of macro-unknowns, such as price stability, black market competition and regulatory complexity, may add up to too much risk for many public investors.”

–Written by Juliette Fairley for MainStreet

via Marijuana IPOs Risk Class-Action Lawsuits – MainStreet.

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I am an adult herb lover who craves peace.

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