Effective March 15, 2021, exempt issuers may raise up to $5 million under Reg CF. Further: a) issuers can now "test the water" to gauge investor interest before an offering; b) accredited investors are not subject to the …
Cannabis Equity Grants
Governor Gavin Newsom of California has authorized the Cannabis Equity Grants Program for Local Jurisdictions. “Offering technical support, regulatory compliance assistance, and assistance with securing the capital …
Is the War on Cannabis coming to an End?
The end of the war on marijuana is within sight... The MORE Act – historic act to decriminalize cannabis, erasing non-violent federal convictions – last week passed in the House by a vote of 228-164 Today 15 states …
Some Non-Accredited Investors will be Accredited in a Few Weeks
The SEC’s new definition of accredited investors includes knowledgeable employees of private funds without regard to assets or income. Qualified professionals also can qualify without actually being accredited. In other …
506(c) and Money-for-Free Best Practices©
Update 103 Although the SEC is the primary securities market regulator, states’ securities regulation -- not the SEC, not FINRA -- is where the action is. States take the lead in enforcement actions in all the …
No SEC Merit Review
The astonishing Trump-era Rule 506(c) For the first time in the history of the eighty six year-old-SEC — permits marketing of EDGAR-registered exempt offerings to non-accredited investors with no SEC-staff merit …