Is it legal to invest in a company in another state doing something that's illegal in your state?

not that I'm any big investor... or even little investor. but it was something I was wondering about with the changes taking place in various states.

if someone wanted to invest in a company that was doing research into mmj, for instance, would that be an illegal activity?

I certainly hope they adequately disclose this aspect of the business risk in the company's reports to its shareholders.

and it has that totally sterile bland trust me company web site that makes my skin crawl, personally, but that's just a question of aesthetics. obviously they do not need any dancing bears on the site either. that would be worse, and a misrepresentation.

if I had $$ to invest, I would definitely consider something like this if it were legal since this is one of the few potential "growth" industries in the U.S. at this point.

but then, ethics-schmethics. After all, this is America, right? :hurts:

ymmv.

if you think medical marijuana is unethical, then there's nothing to talk about.

the company does work on mmj that is not psychoactive as well...if the concern is that someone might feel better from a medicine. tho they would still feel better with the medicine so... I just don't quite get this reaction from people about mmj.

would it be unethical to invest in a company that makes insulin, as well?

if you think it is unethical to make money then I hope you make sure you explain that to the rest of this nation since it wouldn't exist without people making money and creating new business ventures, etc. etc.

in any case, I was curious as a state v. federal or state to state... this is an interesting time for those sorts of issues.

I simply brought up the issue. Consider my post that of a devil's advocate thing.

In your original post, you did not say anything about who or what. I only responded to an open ended question with an open ended answer.

For instance, would it be ethical to invest in a company engaged in mountain top removal? Producing products in sweatshops? Wage slavery?

As to making money, that is an entirely different question. I don't believe I said anything that could be taken to mean that.

I assumed people knew I was talking about something I would consider benign, and since the issue of states v. fed statutes is mostly something I see in relation to mmj... I just assumed you knew the product.

what's sad is that, at least under Bush, our justice dept refused to let workers sue cos that engaged in slave labor... specifically Chaquita Banana. yet somehow we all (or most of us) eat bananas every day without a thought.

strange, isn't it?

:hi:

Crossing state lines may make it 'more' illegal... racketeering may enter into it. I know that sounds crazy and I think it's true...

and if it was legal.

obviously, anyone who is interested in such a move would have to check with a local broker, etc. to find out if they're breaking a law.

...which would mean that it's illegal to make money in one state from a company that operates legally in another. what a mess.

yet another reason to move from states that don't represent your interests or pov.

If the company is only doing research, it may not be a problem. Still, check it out beforehand...

so I don't actually have to worry about it.

but I think it would be an interesting issue for people to explain, if they know about it.

in all. Notice the paradox. The Feds insist that mmj is illegal for all even though it's legal in many states. This is an example of injustice. (Maybe it would be better to invest in private prisons because the Feds will be adding to that population with mmj investors. Ya think?)