London Broker Is Offloading Cannabis Stocks on Legal Advice, Telegraph Says
- Newspaper says Aurora Cannabis, Aphria among affected stocks
- There’s been an absence of clear rules: Telegraph citing IG
A worker pours a bowl of manicured buds into a bag.
Photographer: Galit Rodan/BloombergThis article is for subscribers only.
IG Group Holdings Plc wants to sell its clients’ cannabis shares before the end of May after seeking legal advice, the Sunday Telegraph reported, without saying where it got the information.
Aurora Cannabis Inc., Aphria Inc. and New Age Beverages Corp. are among stocks affected by the decision, according to the newspaper. IG told clients that activities such as a cannabis index, contracts for difference trading and spread betting on cannabis stocks wouldn’t be affected, the newspaper said.