The shares of five cannabis businesses on the Toronto Stock Exchange were down Friday after the Globe and Mail reported that a key company that clears trades was weighing changes that would make it harder for investors to deal in the shares of Canadian marijuana firms with U.S. assets.
According to the newspaper, Canadian Depository for Securities (CDS) – a clearing house owned by the operator of the Toronto Stock Exchange, TMX Ltd. – is mulling whether to refuse to settle trades involving a handful of MJ firms with U.S. holdings. CDS clears millions of trades daily between buyers and sellers.
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Possible policy changes could restrict Canadian cannabis stocks is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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