There is no doubt that the listing of marijuana stocks on prestigious U.S. exchanges such as the NASDAQ and NYSE is a major benefit and asset to the companies involved, but in recent times it has become increasingly difficult to get a listing on these exchanges due to the federal regulations within the U.S. Despite these stringent laws, it seems as though many companies have been working to move around so that they can begin to build the large amounts of capital they need to sustain a large company in the marijuana space.
One of the first companies to get a listing on one of these exchanges was several months ago with the Cronos Group (NASDAQ:CRON). The company became the first company in the history of the exchange to be listed as a pure-play cannabis company. This was quickly followed by Canopy Growth Corp. (NYSE:CGC) with their listing on the NYSE. Not only did this help the two companies to build the investor base that they need, it also helped to give the cannabis industry a large bump in trust from the institutional investors who sometimes deemed cannabis too risky to invest in.
Integrated Cannabis (ICNAF) has not explicitly stated that they have been working toward getting a listing on one of these exchanges, but the company does appear as though it has the potential down the line. Working to vertically integrate the more prestigious side of cannabis growing, the business model that they have put forth has been one of the most promising in the industry. Headquartered in British Columbia, the business has bee working to create a large team of scientists and researchers to help develop various drugs and methods of ingestion to solve everything from pain reduction to sleep aids. With this has come new lines of cannabis infused products that have been hailed by the market as being some of the most exciting new products of the near future.
Aurora Cannabis (NASDAQOTH:ACBFF) has been eyeing a listing on a U.S. exchange for some time now as one of the largest producers of cannabis in the whole of the industry, let alone Canada. The company is expected to begin trading on the NYSE under the ticker symbol ACB. With more than 570,000 kilograms in annual production for the business, it seems as though this listing is only ancillary to helping the business receive the trust they need from the greater investment space. The company is a household name at this point in the history of the cannabis market and has continued to work up its yield for the future given the high and increasing demand for cannabis. With supply agreements in every province in Canada, Aurora also has one of the largest exposures to the second biggest market in the world, which again makes them a perfect fit for the more than hundred-year-old exchange.
The future of cannabis depends on changes like these to continue building the market to where it could potentially go in the near future. Only time will tell how these changes affect the path of the coming years in the marijuana stock space.
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