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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Fri May 06, 2011 9:01 am Post subject: Colorado pot company ordered to cease and desist |
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DENVER (AP) -- A Fort Collins medical marijuana company that state officials say sought investors on Craigslist has been ordered to stop selling or offering securities in Colorado.
Colorado Securities Commissioner Fred Joseph said Wednesday that Colorado Wellness Providers LLC and its owner and manager, Charles Perry, were trying to raise money for their facility by advertising on Craigslist. Joseph said Perry didn't register his security offering and has agreed to the state's order.
State officials said Perry's ads invited investors to capitalize on an "excellent return on a short term investment" and were seeking $50,000 to finish the company's facility. They said Perry advertised that the investments would be collateralized by a marijuana crop insured by Lloyds of London.
more.. link to news article |
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slythorne
Joined: 31 Dec 2008
Posts: 220
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| Posted: Fri May 06, 2011 1:13 pm Post subject: |
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| About time the feds start cracking down on the Craigslist postings. I have nothing against medical marijuana, but there are strict laws in place. One is that you cannot advertise your business in any public place. Uh.... the last time I checked Craigslist was a public place. |
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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Fri May 06, 2011 8:19 pm Post subject: Re: Colorado pot company ordered to cease and desist |
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"Uh.... the last time I checked Craigslist was a public place."
:lol:
Wonder if FB and MS have had these same issues with companies promoting medical marijuana?
I didn't know the laws about advertising the stuff but it makes sense. |
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