“Cannabis Breakthrough: Curaleaf Speeds Up TSX Listing & STATES Act Revived!

The cannabis industry has been making major strides in recent months, and the latest wave of good news has been rolling in. This week, Curaleaf, one of the largest cannabis companies in the United States, made progress on its pursuit to list publicly on the Toronto Stock Exchange. Meanwhile, several states passed legislation to help cannabis businesses access banking services and more. Here’s a quick round up of the recent developments in the cannabis industry. Curaleaf Makes TSX Listing Progress Curaleaf, one of the largest vertically integrated cannabis operators in the United States, has made significant progress this week in its pursuit to list publicly on the Toronto Stock Exchange. On April 22nd, the MSO announced that it had been accepted onto the TSX logo program, which is an important step towards its listing. If approved by regulatory bodies, Curaleaf could become one of the first multi-state operators to join the TSX. This news follows a series of developments from Curaleaf this month, including its launch of a country-wide CBD fulfillment initiative through its wholesale distribution partners, and its launch of its online retail platform in New York. Curaleaf currently operates in 19 U.S. states and those expansions are already paying off, as the company has seen significant growth in Q1 2021. These developments have given investors confidence in Curaleaf and put the cannabis company in a strong position for its TSX listing. States Act to Help Cannabis Businesses This week, several states passed legislation to help the cannabis industry access banking services and more. On April 21st, Arizona approved a bill to allow marijuana businesses to access banking services, which will come into effect in October. The bill was prompted by the lack of banking options for cannabis businesses, which often results in them having to conduct transactions in cash. North Dakota also approved a bill allowing veterans to access medical marijuana without a prescription. Despite its conservative stance on cannabis policy, North Dakota has become an early adopter of multiple pro-cannabis measures, such as allowing the sale of CBD products, establishing an unrestricted hemp program and approving medical and recreational marijuana use. Finally, Oregon passed a bill that would allow the sale of marijuana plants in their immature form for research and medical purposes. This will make it easier for those in need of medical marijuana to access plants from dispensaries instead of relying on the black market. It is a small step forward, but it is a meaningful one for patients and the cannabis industry as a whole. These developments in the cannabis industry demonstrate the progress that is being made domestically. With these positive news pieces coming from multiple states, the cannabis industry is on pace to continue its growth in 2021.