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A Canadian marijuana company will be listed on the Nasdaq

  • Source:http://www.bcbay.com
  • Release on :2018-02-28
A Canadian marijuana company will be listed on the Nasdaq




Cronos Group, a Canadian cannabis producer and distributor, has been approved by the U.S. Securities and Exchange Commission and will be listed on the NASDAQ on the 27th (Tuesday) under the ticker symbol "CRON", making it the first major U.S. transaction The listed cannabis company.

In the past two years, the controversy over the legalization of marijuana has never stopped, and the Trudeau government has made every effort to stand out and insisted on legalization of marijuana.In November 2017, the House of Representatives passed the entertaining legalization of marijuana law with 200 to 82 votes and is expected to put the legalization of marijuana this summer.

In any case, the legalization of marijuana will become a reality. It will only be a matter of time before legislation can be enacted. According to recent sources, the legalization of marijuana will also increase the corresponding smuggling of cannabis. As a result, Canadian Customs will also increase the pressure on security checks so as to make customs clearance longer. At the same time, due to the legalization of marijuana, The relevant provisions of the U.S. Customs also need to make relevant changes.

According to a report from market research firm Arcview, North American legal cannabis sales in 2017 reached 9.2 billion U.S. dollars and are expected to exceed 470 billion U.S. dollars in 2027. 

The news of the Nasdaq listing of cannabis came as broker Stiefel said Cronos, a Canadian company that runs a legitimate business in its jurisdiction, allows the company to list in the United States and allow a foreign online gambling company in the United States Listing is no different, although online gambling is still a gray area of law in the United States.