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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.

Author Since: Dec 04, 2013

I am an adult herb lover who craves peace.

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