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Doing business in U.S. marijuana market a risky venture for Canadian firms: experts

Monday, October 23, 2017 @ 7:50 AM | By Ian Burns

Canada’s security regulators are raising red flags about Canadian marijuana companies doing business in U.S. states which have legalized use of the drug, and legal experts note such companies could risk being delisted from the nation’s stock exchanges if they started or continued to operate south of the border.

James Munro, McMillan LLPThe Canadian Securities Administrators (CSA) released a staff notice Oct. 16 which outlines a series of disclosure expectations for issuers with U.S. marijuana-related activities.

Noting marijuana use is still illegal under U.S. federal law,...