CSA RE­THINKS POL­ICY FOR CANNABIS FIRMS WITH U. S. OP­ER­A­TIONS

National Post (Latest Edition) - - FINANCIAL POST -

The Cana­dian Se­cu­ri­ties As­so­ci­a­tion says its re­con­sid­er­ing the ap­pro­pri­ate­ness of its dis­clo­sure pol­icy for cannabis com­pa­nies with U. S. op­er­a­tions af­ter the U. S. did away with the Cole Me­moran­dum. In Oc­to­ber, the CSA said cannabis com­pa­nies with U. S. op­er­a­tions were clear to list in Canada so long as they dis­closed the risks to investors. It said it would re-ex­am­ine that stance if the U. S. fed- eral govern­ment’s ap­proach changed. Ear­lier this month, U. S. At­tor­ney Gen­eral Jeff Ses­sions re­scinded the Obama- era memo, which sug­gested the fed­eral govern­ment would not in­ter­vene in states where the drug is le­gal even as mar­i­juana re­mained il­le­gal un­der fed­eral law. The CSA says it will com­mu­ni­cate more de­tails about its po­si­tion shortly.

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