CSA reconsiders disclosure policy for cannabis companies with U.S. operations

first_img OSC alleges ex-CEO sought contact high from pot sector Canadian Press Misleading news releases about pot sector draw regulator’s ire Keywords CannabisCompanies Canadian Securities Administrators Related news Share this article and your comments with peers on social mediacenter_img It said it would re-examine that stance if the U.S. federal 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 Earlier this month, U.S. Attorney General Jeff Sessions rescinded the Obama-era memo, which suggested the federal government would not intervene in states where the drug is legal even as marijuana remained illegal under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. Read: Canadian Securities Exchange hits high in 2017 on pot, blockchain buzz Read: Online brokerage users complain of glitches as pot stocks plunge Read: TMX Group cracks down on marijuana companies that violate U.S. federal laws Going public in the U.K.? For pot companies, it’s complicated The Canadian Securities Association (CSA) 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. Facebook LinkedIn Twitterlast_img read more