The company that operates the Toronto Stock Exchange says it is talking to securities regulators about Canadian-listed cannabis companies with operations in the United States, but that there is no ban currently in place on clearing trades of their stocks. TMX Group spokesperson Shane Quinn said Friday the company is in talks with Canadian securities regulators to discuss how to deal with Canadian companies with holdings in the U.S., where the drug is illegal. He said TMX hopes to report its conclusions to the public soon, but wouldn’t say if a ban is being considered. TMX says it issued a clarification on the issue of a ban Thursday to counter unspecified media reports. The drug has been legalized in some form in many states but remains illegal under U.S. federal law.

Source: thestar August 18, 2017 21:00 UTC