Defunct Missouri medical marijuana card clinic must repay investorsPosted by On


A Missouri company that at one time helped patients acquire medical marijuana cards is being forced to repay some of the money it took from investors.

Missouri Secretary of State Jay Ashcroft’s office announced Wednesday that its Securities Division issued a consent order against Green Clinic, LLC, after the company sold $520,000 in unregistered, non-exempt securities, in violation of state law.

The securities were sold in the form of investment contracts with eight Missouri residents and eight out-of-state investors, according to a copy of the consent order obtained by the News-Leader.

Investors from Kansas, South Carolina, Tennessee and Texas made up the lion’s share of investments in the medical marijuana card clinic, totaling $400,000, the consent order states.

Under the consent order, the company must repay $52,000 in gradual payments through Jan. 2, 2023. A $15,000 civil penalty will be waived “if the company principal complies with the restitution payment schedule,” the Securities Division said. The order says Green Clinic consented to Missouri Securities Commissioner David Minnick’s findings and agreed to reimburse a portion of the investors’ losses.

As the News-Leader reported earlier, Green Clinic formed around the time of the 2018 election cycle, when a majority of Missouri voters authorized a constitutional amendment, Article 14, establishing a state medical marijuana program in defiance of federal prohibition.

A sample of what a Missouri qualifying medical marijuana ID card with a homegrowing authorization looks like.  In the first month of the program, Missouri approved more than 4,000 patient applications. State officials began accepting them June 28, 2019.

Green Clinic sold appointments to patients so…

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A Missouri company that at one time helped patients acquire medical marijuana cards is being forced to repay some of the money it took from investors.

Missouri Secretary of State Jay Ashcroft’s office announced Wednesday that its Securities Division issued a consent order against Green Clinic, LLC, after the company sold $520,000 in unregistered, non-exempt securities, in violation of state law.

The securities were sold in the form of investment contracts with eight Missouri residents and eight out-of-state investors, according to a copy of the consent order obtained by the News-Leader.

Investors from Kansas, South Carolina, Tennessee and Texas made up the lion’s share of investments in the medical marijuana card clinic, totaling $400,000, the consent order states.

Under the consent order, the company must repay $52,000 in gradual payments through Jan. 2, 2023. A $15,000 civil penalty will be waived “if the company principal complies with the restitution payment schedule,” the Securities Division said. The order says Green Clinic consented to Missouri Securities Commissioner David Minnick’s findings and agreed to reimburse a portion of the investors’ losses.

As the News-Leader reported earlier, Green Clinic formed around the time of the 2018 election cycle, when a majority of Missouri voters authorized a constitutional amendment, Article 14, establishing a state medical marijuana program in defiance of federal prohibition.

A sample of what a Missouri qualifying medical marijuana ID card with a homegrowing authorization looks like.  In the first month of the program, Missouri approved more than 4,000 patient applications. State officials began accepting them June 28, 2019.

Green Clinic sold appointments to patients so…



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