Dec 18, 2018
Legalization of cannabis for adult use in Canada was a watershed event of 2018. But a select few Canadian cannabis companies also celebrated a different milestone by breaking their way into the U.S. capital markets. The New York Stock Exchange (NYSE) and Nasdaq have embraced and now welcome listings from Canadian cannabis growers, creating new opportunities for Canadian cannabis companies to participate in the U.S. capital markets, and for U.S. investors to gain exposure to Canada’s exploding cannabis industry.
A few short years ago, the idea of successfully listing a cannabis company on a U.S. stock exchange seemed next to impossible. Cannabis is, after all, still prohibited as an illegal narcotic under the Controlled Substances Act; a U.S. federal statute. This statute declares cannabis illegal along with other drugs...
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