Saverio S. Romeo,left, and Joshua Horn,right, of Fox Rothschild. Courtesy photos US Investments in Foreign Cannabis: Unspoken Safe Harbor or Federal Tripwire?
The nascent cannabis industry opens up just as many risks as it does opportunities. Anyone considering investments touching on that industry would be wise to stop and investigate the opportunity carefully before signing on the dotted line.
May 13, 2022 at 03:20 PM
6 minute read
Marijuana
You're a federal prosecutor. An FBI agent comes into your office and tells you that he has conclusive evidence that a U.S. company has invested $25 million in a foreign drug cartel that manufactures and sells heroin in that foreign country and beyond. Is there any doubt that you, as the prosecutor, take that case? Probably not. But take that same scenario and change that drug cartel to a Canadian company that manufactures and sells cannabis in full compliance with Canadian law. Do you still take the case? The answer for now appears to be likely not.
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