What could be bad?
The leading marijuana magazine High Times has been on an acquisition spree, now being funded by its Securities and Exchange Commission registered Regulation A+ crowdfunded offering.
According to Forbes, over 1,000 people have invested so far, and to make it easier, the company announced that it will now accept Bitcoin and Ethereum cryptocurrencies as payment for its shares.
Purchases will be handled by a third party clearinghouse.
It’s unclear how the cryptocurrency will be priced (ie, on the date it clears and is paid in fiat dollars?).
While the company thinks it permits international buyers to participate, will the company be complying with that country’s securities laws? The article doesn’t say.