Canadian Regulators Repeat Call for Weed Firms to Disclose U.S. Risks

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Canadian Regulators Repeat Call for Weed Firms to Disclose U.S. Risks

Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced.

The Canadian Securities Administrators staff notice said stricter U.S. enforcement could result in “material consequences for any issuer with U.S. marijuana-related activities, including prosecution and asset seizure.”

The CSA notice stopped short of taking any action against listed marijuana producers with U.S. operations.

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