A company owned by Canada’s major stock-exchange operator is considering a move that would make it difficult for investors to trade the shares of cannabis companies with U.S. assets, potentially disrupting the flow of millions of dollars into the burgeoning marijuana industry. The company, Canadian Depository for Securities Ltd. (CDS), is a clearing house involved in millions of trades a day. It performs critical back-office functions in the capital markets and ensures that when investors make trades, the cash and securities wind up in the right hands. Sources say that CDS is contemplating a policy shift that would see it refuse to settle trades in a small group of cannabis firms with American investments.
credit:420intel.com