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Canadian marijuana executives and officials of two stock exchanges have been meeting about setting rules for investing in the U.S. cannabis sector.
According to the Canadian Press, attorneys representing publicly traded cannabis producers said “there is an unwritten rule” that companies listed on the Toronto Stock Exchange – the nation’s largest – and its junior Venture Exchange aren’t permitted to invest in the U.S. marijuana sector.
But the TMX Group – which owns both exchanges – is looking to formulate a specific policy for companies that want to wade into financial markets with different requirements than Canada’s, the Canadian