A team of Torys lawyers have written “Canada/US Cross-Border Cannabis Issues” for Lift News (the full article can be read on Lift News here). Cheryl Reicin, Shane Thomas, William Gray Jr and Kevin Tuhoy, authored the article which provides an introductory overview comparing the U.S. and Canadian cannabis landscape and the resulting cross-border issues.
Below is an excerpt from the article.
As a result of the disparity between the public financing options in the U.S. versus Canada, Canada has taken the lead in financing cannabis-based companies—both domestic and foreign. Canadian investment dealers and bankers are seen as building up expertise in this sector, which has attracted significant foreign investment. As a result, companies based in Israel, Germany and Uruguay are looking to Canadian markets as the primary funding centre. The traditional Canadian banks have thus far shied away from underwriting offerings of cannabis-based companies, largely for fear of violating any U.S. laws and jeopardizing their U.S. franchise; therefore, to date, it is the boutique investment banking firms that have led most of the cannabis-related financing efforts.
Torys lawyers have written extensively on cannabis issues. You can read more on the Emerging Trends in the Cannabis Industry page.
To discuss these issues, please contact the author(s).
This publication is a general discussion of certain legal and related developments and should not be relied upon as legal advice. If you require legal advice, we would be pleased to discuss the issues in this publication with you, in the context of your particular circumstances.
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