Canadian and U.S. pot firms cross borders to raise money in battle for dominance

Capital is king in battle for market share in a global legal cannabis industry of $57B in projected spending
CBC News (Canada)
Sunday, April 22, 2018

As U.S. and Canadian government policies toward marijuana grow more divergent amid Canada's push for legalization, their stock exchanges have seen a flurry of cross-listing activity from companies eager to snap up investment capital and carve out dominant positions in a growing global market. Marijuana producers that operate in U.S. states where pot is legal are prevented from public listings in their home country because the drug is prohibited at the federal level, so they turn their focus north for a legal avenue to raise public capital. The flurry of activity comes as Washington's political tone seems to have softened toward the drug.