Cronos Group is one of the largest players in the Canadian cannabis industry, with a
While the U.S. government restricts as many aspects of the legal cannabis industry as it feasibly can, it is still perfectly legal for Americans to invest their cash in the Canadian cannabis market. Although the Canadian cannabis industry is hotly tipped for success, investing in such a new industry is still risky business. Earlier this month, cannabis stocks on the Canadian stock marketDespite the risks involved in the new industry, the expansion of Cronos into the U.S. stock market gives hope that federal restrictions on cannabis will eventually be overturned. “It’s very significant for the company and the whole industry,” Gorenstein
The U.S. Stock Market Just Accepted Its First Cannabis Company – News
Photo Because of the legal restrictions preventing Cronos from jumping into the U.S. cannabis market feet first, the company’s public stock listing is mainly an attempt to introduce their brand to American investors, who have been increasingly interested in betting their money on the success of Canada’s cannabis market. “This is about our shareholders,” Cronos CEO Mike Gorenstein
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