New Cannabis Oriented Crowdfunding Platform

If you really want to be on the cutting edge of finance today, then perhaps a crowdfunding campaign that intends to invest in the cannabis industry.

That’s where Fundana is going.

The company is the first ” Regulation Crowdfunding platform for cannabis businesses.” So, notwithstanding the fact that cannabis is still a Schedule I drug under the Controlled Substances Act, the SEC and FINRA have apparently taken the position that Fundana’s actions will not be violative of Federal law.

The only company seeking equity on the platform is an app that secures patient registration.


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
This entry was posted in accredited investor, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, SEC, Small Business, States, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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