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This U.S. Cannabis Firm Could Be Next on the Nasdaq

We've talked about some of the unique challenges facing legitimate United States-based cannabis companies - challenges that come from its illegal status at the federal level. Banking is one challenge; marijuana firms in the states have an incredibly difficult time accessing those services for fear of running afoul of Uncle Sam's money laundering statutes. Achieving a listing on the Nasdaq or New York Stock Exchange is another problem - and one with even more of an impact on investors. It effectively cuts off the company and its shareholders from the $20 trillion in capital that trades in the "big leagues." Most American marijuana firms have to offer shares "on the pink sheets," in the smaller, markedly less liquid over-the-counter markets. The other day, I showed you one U.S. cannabis company that took an ingenious "shortcut" route through a wall of red tape to list on the Nasdaq; it's the dawn of what I called a "$20 trillion tomorrow." That tomorrow may come sooner than anyone realizes - because another American marijuana firm is making a play for its Nasdaq listing. Here's what you need to know... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post This U.S. Cannabis Firm Could Be Next on the Nasdaq appeared first on Money Morning - We Make Investing Profitable .
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