Cannabis Two-Step: Raise Cash in Canada, Spend It in U.S.
- After going public on CSE, they invest in American market
- With Trudeau backing legalized weed, vibrant industry emerges
Canada Gears Up For Marijuana Legalization in 2017
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When Hadley Ford created a company for investing in the fast-growing business of legal marijuana, the former Goldman Sachs Group Inc. investment banker left New York and headed north of the border.
While more than half of U.S. states allow marijuana for medical or recreational use, the drug is still outlawed by the federal government, starving pot entrepreneurs of institutional capital. Major stock exchanges won’t accept listings for businesses that Washington deems illegal, and banks and other lenders have stayed mostly on the sidelines.