Canada's coined the name "Land of Opportunity" for its immigration friendly policies and entrepreneurial spirit, and US pot companies are definitely capitalizing on that reputation.
Companies that are operating in states where marijuana is legal, are not able to get listed on US stock exchanges due to the SEC's rules on the types of companies that can be listed. Marijuana is still considered an illegal drug by the US federal government, and therefore companies that deal with it are not allowed to trade on American stock exchanges.
Several companies are jumping ship and getting listed in Canada. Primarily on the two public venture capital exchanges, the TSX Venture Exchange (TSXV) and the Canadian Securities Exchange (CSE).
Green Thumb Industries (GTII) is the most recent converter. Raising $67 million USD in their initial public offering on the Canadian Securities Exchange.
I think this is going to hurt the US cannabis industry long-term, since due to current regulations, companies are moving north, even though their main operations are in the United States.
What can be done here, short of legalizing marijuana entirely, to entice companies to remain in the US?
Quam harum est doloribus nobis recusandae. Et totam quam perferendis praesentium quidem laudantium. Ipsam aut porro tenetur est at consequuntur veniam. Minima temporibus vel ea.
Possimus odit totam iusto. Cum ab odit voluptatibus adipisci possimus placeat.
Et accusantium nobis minima dolor est tenetur et. Ut labore est doloribus ipsum deleniti libero et quia. Sit dolore odit eaque atque. Commodi modi sit veniam et vel ipsam distinctio. Quibusdam placeat et dignissimos dolor inventore. Ullam perspiciatis consequatur iste impedit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...