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Shares of the five licensed cannabis companies that trade on the the Toronto Stock Exchange were down Friday after reports surfaced that it could become harder for investors to deal in the shares of Canadian marijuana firms with U.S. assets.
According to the Globe and Mail, Canadian Depository for Securities (CDS) – a clearing house owned by the operator of the Toronto Stock Exchange, TMX Ltd. – is mulling whether to refuse to settle trades involving a handful of MJ firms with U.S. holdings.
CDS clears millions of trades daily between buyers and sellers.
Among the five licensed cannabis companies that trade