Crypto and Cannabis Investment Promoter Hit With Cease-and-Desist
The Texas State Securities Board filed an emergency cease and desist against a cryptocurrency and weed investment platform on alleged fraud charges.
ParagonCoin, which was previously fined by the regulator over its ICO, is selling off a property intended for use as a cannabis co-working space.
High Times has removed bitcoin as a payment option for its IPO, just days after admitting it was accepting the cryptocurrency.
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies.
High Times, which announced last week that it would accept bitcoin and ether for its coming IPO, said in an SEC filing Monday that this was an "error."
Cannabis social networking company MassRoots is developing a crypto rewards token and other blockchain applications.