Canada’s TMX Asks Regulators for Rules for U.S.-Linked Pot Stocks

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Canada's TMX Asks Regulators for Rules for U.S.-Linked Pot Stocks

123rf.com / Phonlawat Chaicheevinlikit / Standard License.

Canada’s TMX Group Ltd (X.TO) is seeking guidance from the country’s securities regulators, it said on Thursday, as it weighs how to deal with marijuana companies listed in Canada with interests in the United States, where the business remains federally illegal.

The move seeks to draw a line under policy uncertainty for investors and companies that pits more liberal rules around cannabis cultivation and distribution in Canada against a Trump administration that has taken a harder line.

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