Hemp Companies Poised to List in U.S. as Farm Bill Goes to Vote
- Vertical Cos. plans to spin out assets, seek Nasdaq listing
- Charlotte’s Web also looking at ‘senior listings’ in U.S.
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Investors looking for exposure to the burgeoning U.S. cannabis sector may not have to go north much longer.
With lawmakers likely to vote to legalize hemp soon, cannabis company Vertical Cos. plans to spin off its hemp assets into a separate company called Vertical Wellness and list it on the Nasdaq. Other companies that extract cannabidiol, known as CBD, from hemp are poised to follow suit to other U.S. exchanges.