Why We’re Going to See More Canadian Marijuana Companies List on U.S. Exchanges

  • Cannabis insiders tell us what Canada’s legalization means for publicly traded firms.
  • Find out how to access the historic American Cannabis Summit featuring insiders like Speaker John Boehner. For free.

U.S. stock exchanges haven’t been willing to list public marijuana businesses, but that’s about to change…

Because marijuana is banned under federal law, exchanges didn’t want to take the risk of listing “illegal” businesses. But since Canada just fully legalized marijuana today (Oct. 17), the floodgates could open for Canadian cannabis companies to list on U.S. exchanges.

Canadian marijuana companies
For example, Cronos Group Inc. (NASDAQ: CRON) was listed on the Nasdaq on Feb. 27. Canopy Growth Corp. (NYSE: CGC) began trading on the NYSE on Jan. 12.

And more Canadian cannabis companies listing on the Nasdaq or NYSE will attract more attention and investors’ money.

With more demand, marijuana stock prices can skyrocket.

Critical Update: Forget Tech or Crypto – This Will Be the Next $1 Trillion Industry

And to understand the full impact of Canadian marijuana companies listing on U.S. exchanges, I had to talk with cannabis insiders to see just how big this could be…

Listing on U.S. Exchanges Is a Huge Deal for Canadian Cannabis Companies

More Canadian cannabis companies listed on U.S. exchanges in 2018, but there’s still some uncertainty as to whether we’ll see U.S. cannabis companies listed on major exchanges this year.

Wil Ralston is the president of SinglePoint Inc. (OTCMKTS: SING), a publicly-traded cannabis and technology holding company specializing in acquisitions of small- to mid-sized companies with an emphasis on mobile technologies and emerging markets.

“With the legalization of cannabis in Canada there will most definitely be more Canadian cannabis companies applying to be listed on U.S. stock exchanges. Whether or not the SEC or U.S. based stock exchanges will accept them is yet to be seen due to the current administration’s stance on legalizing cannabis. With that said, there is precedent already for Canadian companies operating in the cannabis industry receiving approval to be listed.”

The next marijuana expert I spoke with believes that it still may be some time before we see other Canadian marijuana companies list on the Nasdaq or NYSE.

Lisa Harun is the CMO of Vapium, a Canadian vaporizer company focused on providing durable, portable high-tech devices designed for outdoor use.

“Many Canadian companies are still choosing to list on stock exchanges in their own backyard and not in the U.S. due to the U.S.’s current stance on cannabis legalization. The time and effort expended to apply to be listed on U.S. exchanges is simply not worth it considering the application could easily be turned down. Instead, they will likely pursue listings on the Canadian Stock Exchange where investors will be able to begin trading stocks much more quickly.”

Finally, the last expert I spoke with believes we will see more companies apply to be listed on U.S. exchanges, but approval may take some time…

Steve Gormley is the President and CEO of JuJu Royal, a premier cannabis brand created for and inspired by Julian Marley.

“There will most certainly be an influx of Canadian companies operating in the newly legal cannabis industry applying to be listed on U.S. stock exchanges. The biggest challenge will be getting these applications approved by the SEC under the current administration. While a few Canadian companies affiliated with the cannabis industry have already been approved and listed by U.S. exchanges, like Canopy Growth Corp., these approvals were made under the previous administration’s oversight. Time will only tell if the current SEC will follow this precedent.”

I want to thank our experts for sharing their insight.

And as a service to Money Morning readers, I also wanted to share an opportunity for you to secure your seat at the first-ever national event on cannabis…

Speaker Boehner Reveals Three Events That Will Transform the Cannabis Industry Forever

He’s connected on Capitol Hill. He golfs with the president. And he knows all the major players in the cannabis industry.

Make no mistake, Speaker Boehner has the inside track on the future of this green gold rush.

And on Tuesday, Oct. 23, he’s agreed to take you deep inside our nation’s most controversial, most misunderstood, and what’s quickly becoming our most lucrative industry.

Just click here to register for this free, once-in-a-lifetime event.

Follow Money Morning on FacebookTwitter, and LinkedIn.

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.