Toronto Stock Exchange May Delist Marijuana Firms With US Operations

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Toronto Stock Exchange May Delist Marijuana Firms With US Operations

Flickr / David Whelan / (CC0 1.0)

Canada’s TMX Group Ltd (X.TO), operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the United States, where their operations are illegal under federal law.

TMX disclosed its plans as Canadian securities regulators said companies must disclose any connection to the U.S. marijuana industry, which has grown as some states relax rules around cultivation and distribution.

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