For the first time the SEC, the Sacramento Bee reports, has approved an American cannabis grower to issue a public stock offering.
Santa Cruz-based Goldenseed is selling shares starting at $100.
Americans previously could buy stock in Canadian growers, such as Tilray and Aphria, as well as American marijuana retailers like MedMen. This marks the first time that the American public can buy stock in an American cannabis grower.
Cannabis remains a new industry among publicly traded companies. Investment analysts still can’t predict a company’s trajectory as the markers are still in part unknown for the industry.