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Find the best broker for your trading or investing needs The legal status of cannabis in the United States remains a complicated issue. Although many individual states have moved to legalize the substance, legalization at the federal level remains elusive. Still, in states with legal cannabis like California and Colorado, eager business leaders have already created a new industry. Now, many of those companies are recognizing that the federal legal issues will prevent them from listing themselves as publicly traded entities on certain U.S. stock exchanges. According to CNN, many of these companies are instead choosing to look elsewhere for stock exchange listings, with Canada being one of the top contenders. In Canada, there is currently no federal ban on the sale of marijuana. Why US Cannabis Companies are Listing in Canada

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