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Home / Business / Canadian marijuana company’s Nasdaq listing bodes well for the industry, but US companies still face barriers

Canadian marijuana company’s Nasdaq listing bodes well for the industry, but US companies still face barriers

By Chloe Aiello

When a Canadian marijuana company listed on the Nasdaq last week, most in the cannabis industry said it was an important milestone in the fight toward legitimization.

“Every success means future success for the industry. Every successful investment, every successful individual and every successful company brings us closer to legalization,” said Patrick Rea, the co-founder of CanopyBoulder, a firm that gives financial backing and advice to startups in the industry.

It is a sign of change even though U.S. cannabis companies remain relegated to alternative exchanges. In the U.S. marijuana is prohibited under federal law, despite being legalized in several states.

Read more at CNBC

 

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