{"id":7383,"date":"2018-11-02T13:36:38","date_gmt":"2018-11-02T17:36:38","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7383"},"modified":"2018-11-02T13:36:38","modified_gmt":"2018-11-02T17:36:38","slug":"the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/","title":{"rendered":"The SEC\u2019s Temporary Suspension Of Marijuana Company, CannaBusiness Group, LLC Trading"},"content":{"rendered":"<p>Marijuana is still an illegal substance in a number of states (and on the federal level.) But with the increased evidence of medical benefits, many states have begun legalization for medical use. Some, like California and Colorado, have also legalized it for recreational use. Companies are now looking for ways to cash in on this new \u201cgreen\u201d industry, from growing to manufacturing and processing, as well as associated industries like equipment, real estate and legal services.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-4851\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-300x200.jpg\" alt=\"FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-300x200\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-1024x682.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-1000x666.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-180x120.jpg 180w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation.jpg 1697w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>One company that began dealing with acquiring and leasing land for growing marijuana is CannaBusiness Group out of California. CannaBusiness was founded in 1985, and became a publicly traded company (<a href=\"https:\/\/research.tdameritrade.com\/grid\/public\/research\/stocks\/summary?symbol=CBGI\" target=\"_blank\">CBGI<\/a>) in 2005. CannaBusiness is in the business of the marijuana industry support services, not growing, harvesting and processing. However, the company seems to have fallen off the radar.<\/p>\n<p>According to the company\u2019s Facebook page and other pages that discuss it, CannaBusiness is about <em>\u201creal estate acquisition, leasing, and management firm whose primary focus is on zoning issues.\u201d \u00a0<\/em>Calling itself <em>\u201cservices for the medical marijuana industry,\u201d t<\/em>he description includes that the company has: <em>\u201calso developed an acquisition plan to acquire companies that sell products and services to include security services, e-commerce store fronts for both grow and dispensary operations, technology solutions, software solutions, and miscellaneous solutions. It is actively involved in the capitalization, development and acquisition of marijuana based consumer products as well as the supporting technologies.\u201d<\/em><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/\"  title=\"Continue Reading The SEC\u2019s Temporary Suspension Of Marijuana Company, CannaBusiness Group, LLC Trading\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Marijuana is still an illegal substance in a number of states (and on the federal level.) But with the increased evidence of medical benefits, many states have begun legalization for medical use. Some, like California and Colorado, have also legalized it for recreational use. Companies are now looking for ways to cash in on this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1306,583,599],"tags":[1313,1314,290],"class_list":["post-7383","post","type-post","status-publish","format-standard","hentry","category-marijuana-investments","category-sec-actions","category-securities-arbitration","tag-cannabusiness-group","tag-scott-silver-cannabusiness-group","tag-securities-arbitration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The SEC\u2019s Temporary Suspension Of Marijuana Company, CannaBusiness Group, LLC Trading &#8212; Securities Arbitration Lawyers Blog &#8212; November 2, 2018<\/title>\n<meta name=\"description\" content=\"Marijuana is still an illegal substance in a number of states (and on the federal level.) But with the increased evidence of medical benefits, many states &#8212; November 2, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The SEC\u2019s Temporary Suspension Of Marijuana Company, CannaBusiness Group, LLC Trading &#8212; Securities Arbitration Lawyers Blog &#8212; November 2, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Marijuana is still an illegal substance in a number of states (and on the federal level.) 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But with the increased evidence of medical benefits, many states &#8212; November 2, 2018","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"The SEC\u2019s Temporary Suspension Of Marijuana Company, CannaBusiness Group, LLC Trading","datePublished":"2018-11-02T17:36:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/"},"wordCount":668,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-300x200.jpg","keywords":["CannaBusiness Group","scott silver CannaBusiness Group","Securities Arbitration"],"articleSection":["Marijuana Investments","SEC Actions","Securities Arbitration"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/","url":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/","name":"The SEC\u2019s Temporary Suspension Of Marijuana Company, CannaBusiness Group, LLC Trading &#8212; Securities Arbitration Lawyers Blog &#8212; November 2, 2018","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/the-secs-temporary-suspension-of-marijuana-company-cannabusiness-group-llc-trading\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Permanently-Bars-Gary-Eugene-Donovan-for-Stock-Manipulation-300x200.jpg","datePublished":"2018-11-02T17:36:38+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Marijuana is still an illegal substance in a number of states (and on the federal level.) 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