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A fog of uncertainty hanging over Canada’s cannabis sector was lifted this week after a securities regulator and the operator of the country’s largest stock exchange clarified the listing rules for marijuana companies doing business in the United States.
Marijuana industry executives said the new guidelines remove much of the uncertainty over whether publicly traded cannabis companies would lose their listings because of U.S. business interests.
The clarity offered by the guidelines also is expected to give these cannabis companies better access to capital.
“It was paramount,” Marc Lustig, CEO of Ottawa-based CannaRoyalty – which invests