TMX Group Ltd. is seeking guidance from Canadian securities regulators as it weighs how to deal with marijuana companies listed in Canada with interests in the United States where the business remains federally illegal. "We are working with regulators to arrive at a solution that will clarify this matter for issuers, investors, participants and the public." That means dealing with a string of marijuana companies that have swarmed to the smaller Canadian Securities Exchange (CSE) to raise funds, often to fund U.S. opportunities. The TMX said Thursday there is no CDS ban on the clearing of securities of publicly traded marijuana companies with U.S. investments. Consultants estimate the size of the Canadian marijuana market could range from $5 billion to $10 billion.

Source: CBC News August 18, 2017 15:23 UTC