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The SEC is alleging that the cannabis business is engaged in a pot-based Ponzi scheme.
The U.S. Securities and Exchange Commission (SEC) has shut down WeedGenics, a firm that raised more than $60 million dollars from investors in the cannabis business. The SEC’s emergency order calls the firm’s offering a fraud and a Ponzi scheme, and lodges charges against the two WeedGenics owners, Rolf Max Hirschmann and Patrick Earl Williams....
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