Canada could grow into a global leader in marijuana investment on Trudeau win ...

Canada  — Friendlier laws on medical marijuana use in Canada are already drawing American investment north of the border, and the trend is likely to further ignite if the federal Liberals make good on their promise to allow recreational use of the drug.....  

Cannabis companies are looking for a market where their legitimate peers are trading and that happens to be Canada

“If you go to the OTC pink sheets in the U.S. there’s probably over 100 names, but a lot of those are pretty sketchy,” says Malik. “So (cannabis companies) are looking for a market where their legitimate peers are trading and that happens to be Canada.”

However, Braden Perry, a lawyer who specializes in government compliance, says even investing in Canadian cannabis firms could spell trouble for American funds.

“If you have U.S. money invested in a product that is illegal in the United States, repatriating that money could be considered a money laundering violation,” said Perry, a partner in Kansas City-based law firm Kennyhertz Perry, LLC.

However, Perry adds that the issue is a complicated one.

“I don’t want to be accusing people of breaking the law when I don’t know exactly what they’re doing.”

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