Canadian stock exchange operator tries to clear air on cannabis stance

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Canada’s cannabis industry and investors looking for clarity from TMX Group over its stance on MJ companies with U.S. assets will have to keep waiting.

TMX said in a news release Thursday it’s holding talks with Canada’s provincial and territorial securities regulators over the clearing of securities of issuers with marijuana-related activities in the United States. TMX operates the Toronto Stock Exchange and the TSX Venture Exchange.

“This is a complex matter,” TMX said in the two-paragraph statement.

A cloud has been hanging over the industry since various news outlets reported that the Canadian Depository for Securities (CDS) – a clearinghouse owned by

Canadian stock exchange operator tries to clear air on cannabis stance is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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