New Cannabis Compliance Company Launches Public Funding Effort
The Herbal Compliance Co. Uses New Investment Rules to Raise Funds
HORSESHOE LAKE, Ark., June 12, 2017 /PRNewswire/ -- The Herbal Compliance Co. announces the launch of its compliance consulting services for legal medical cannabis and hemp businesses. This unique company will also be partnering with GrowthFountain to raise $1 million in funds through a unique form of investor funding called Regulation Crowdfunding.
Interested investors can see the offering and make an investment by visiting Growth Fountain at https://growthfountain.com/herbal-compliance.
Herbal Compliance fills a need created by differences in marijuana legislation at the state and federal levels. While it is currently legal in 26 states and the District of Columbia to grow and sell marijuana for medical purposes, it is still illegal on a federal level, resulting in thousands of conflicts between state and federal regulations.
"Understanding the laws governing medical marijuana and hemp is our core competency," explains Chuck Carpenter, president of Herbal Compliance. "But we also offer other types of business consulting like inventory management, branding, and employee education. Our mission is to help companies in this new area of American enterprise to grow and thrive."
To fully fund their startup, Herbal Compliance is using a new form of funding enabled by recent changes in securities law in the JOBS Act called Regulation Crowdfunding. The rules for this sort of investing went into effect May 2016, allowing non-accredited investors to participate in a funding round for a private company for the first time in history.
"We're excited to help Herbal Compliance raise the money they need to grow," says Abe Orden, operations manager of GrowthFountain. "For the first time in 80 years, average Americans now have the opportunity to support and invest in local businesses and entrepreneurs they believe in."
Herbal Compliance's campaign started on June 6, 2017 and will continue through Oct. 4, 2017. Their aim is to raise between $100,000 and $1 million with a minimum buy-in of $100 per investor.
About Herbal Compliance:
Launched in January 2017, The Herbal Compliance Co. provides companies in the legal medical cannabis and hemp business with services to ensure that they remain compliant with the law. Services include design and buildout, equipment fulfillment, regulator compliance, remote inventory control and reporting, vendor relationships, brand and marketing, and tax management and education. Learn more at www.herbalcompliance.com.
About GrowthFountain:
GrowthFountain Capital LLC is a Regulation Crowdfunding platform aimed at simplifying fundraising and helping businesses build collateral. GrowthFountain is registered with the SEC and a member of FINRA. Learn more at www.growthfountain.com.
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SOURCE The Herbal Compliance Co.
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