Since most states are legalizing the use of marijuana, how does someone invest in penny stocks at these companies?
Answers | 1
Answered by Hosh Weekes, Financial Adviser in Hampton, VA
September 06, 2016
You don't, unless you want to jeopardize your life by filing taxes on those investments, and thereby committing what is known to the federal government as money laundering. It's not legally recognized by the Feds yet, despite what states are doing, so I would suggest not getting involved until its legal in both your state and our country.
Asked by Joyce