Quote:
Originally Posted by Cornstock
Tangent question to this, I remember the local banks in areas that had marijuana industries had all kinds of logistical headaches trying to keep "green" money separate from normal money when the industries were blossoming (pun intended) to comply with federal regulations around the source of funds. I haven't followed it closely enough to see if this was ever resolved.
My question is if these restrictions pertain to equity stakes to the companies, especially in jurisdictions where marijuana is still very illegal.
Anyone have any insight to this?
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Quote:
Originally Posted by lewdog
Well so much for me purchasing that Marijuana ETF.
It's only offered on the Toronto Stock exchange and TD Ameritrade does not allow trading a foreign exchange.
It's the first of it's kind and there's no ETF or Index for the US market for marijuana yet.
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That answers my question, they must not have the legalities figured out for non legal jurisdictions yet.