Article by by Dominic Fracassa (c) Business and Technology News - Read full story here.
Judges must not invest in pot, California committee says
April 20, 2017
California state judges should just say no when it comes to investing in cannabis businesses, a judicial ethics committee said this week. The state’s Supreme Court Committee on Judicial Ethics Opinions said on Wednesday — the eve of the nationwide 4/20 celebration of marijuana and cannabis culture — that holding stakes in a business that is involved in the sale or manufacturing of pot would constitute a violation of the law. The committee also encouraged the state’s judges to review their investment portfolios and those of their spouses or domestic partners to ensure that they aren’t investing in marijuana-related businesses indirectly through corporate stock, real estate or private equity. Judges have an ongoing duty to make reasonable efforts to inform himself or herself about any financial interest in a marijuana enterprise.