FYI: After having twins, the New Jersey mother of five took a break from her Wall Street career. In 2012, she heard of a business for sale in a small Arizona town. A visit impressed her enough to convince her husband that they should put about $1 million into a medical-marijuana venture.
“I didn’t know anything about growing, producing, dispensing,” Stavola recalls. So they found an experienced manager to run the operation, while she kept the books. But she says she soon noticed checks written for cash and a wedding dress charged to the business. With the help of a private eye, the Stavolas say, they found that the manager hadn’t come clean about his background—leaving out convictions for robbery conspiracy and other crimes.
Regards,
Ted
https://www.barrons.com/articles/why-you-should-take-a-pass-on-u-s-marijuana-stocks-51550285414?mod=hp_HERO
