Recent Enforcement News

Colorado Division of Securities issues advisory on marijuana-related investments

DENVER — The Colorado Division of Securities, part of the Department of Regulatory Agencies (DORA), is cautioning investors about schemes and risks associated with marijuana-related investments.

Investments in marijuana business ventures are becoming more prevalent and are receiving increased media coverage. Fraudsters may attempt to use this attention to convince investors to hand over money for risky or outright fraudulent marijuana ventures.

The advisory provides information about common marijuana-related investment schemes and the unique risks associated with marijuana-related investments, including reverse merger and pump-and-dump schemes, and jurisdictional legality.

The full advisory is available on the Division of Securities website.

Before making any financial decisions, ask questions, do your homework, and contact the Division of Securities at (303) 894-2320 or by visiting


The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer protection is our mission. Visit for more information or call 303-894-7855/toll free 1-800-886-7675.

Contact Information
Colorado Department of Regulatory Agencies
Division of Securities
Jillian Sarmo
Phone: 303-894-2878