A Major U.s. Stock Exchange is Listing a Weed Company For the First Time Ever

A major Canadian licensed weed producer has obtained approval from the Securities and Exchange Commission to begin trading on the NASDAQ — it will be the first marijuana company to be listed on a U.S. stock exchange.

Cronos Group, which is already listed on the Toronto Stock Exchange is expected to begin trading its shares on the NASDAQ under the symbol ‘CRON’ as early as Tuesday, February 27, according to a statement put out by the Toronto-based company.

Weed is still federally illegal in the United States but because Cronos is a licensed Canadian business producing weed for the soon-to-be legal recreational market in Canada, the company is technically not precluded from trading on U.S. stock exchanges.

– Read the entire article at Vice News.