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