Why Canadian Cannabis Companies With US Operations Can Still List On NYSE & NASDAQ

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To say that the NYSE and NASDAQ are complicated venues for Canadian marijuana companies to break into would be an understatement. To say that the NYSE and NASDAQ are complicated venues for Canadian marijuana companies to break into would be an understatement. Previously, the two companies teamed up and created another joint venture to produce a non-alcoholic cannabis-infused beverage for the Canadian market called Truss Beverages. In a few years, the Canadian market could be worth up to $10 billion, and St-Louis believes it will be dominated by three top players. Photo by Anna Nekrashevich from Pexels Why Choose NYSE Or NASDAQ Over OTC? What’s The Difference?

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To say that the NYSE and NASDAQ are complicated venues for Canadian marijuana companies to break into would be an understatement. Is it worth the trouble?

By Nina Zdinjak

With cannabis still being illegal on the federal level — classified as a Schedule 1 controlled substance with “no currently accepted medical use” — companies in the sector find it difficult, if not impossible, to list on major U.S. stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ.

Neither of these stock exchanges accepts companies that sell cannabis in the U.S., even when operating...

Read the full article @ Fresh Toast