Fiduciary Investments in Cannabis Securities
41 Pages Posted: 6 Feb 2019 Last revised: 22 Mar 2019
Date Written: January 30, 2019
This paper analyzes whether an investment in cannabis securities would be a breach of fiduciary duty under fiduciary investment standards. This paper considers legality issues arising from marijuana-related securities under criminal statutes and securities laws and the prudence of investing in such securities under fiduciary investment principles, including the prudent investor rule.
Keywords: cannabis, marijuana, securities, SEC, FinCen, prudent investor, fiduciary, trustee, trust law, investment, ESG
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