For US pot companies, Canada is the land of opportunity

PORTLAND, Ore. (AP) — U.S.-based marijuana businesses are lining up to list on the Canadian Securities Exchange to tap into financing from institutional investors put off by the U.S. ban on pot.

Bastions of America’s marijuana industry like MedMen, Green Thumb Industries, Acreage Holdings and Canna-Hub — as well as dozens of smaller companies — have recently gone public in Canada or are planning to do so to get access to foreign markets and the money they need to grow.

Arcview, an Oakland-based cannabis investment and market research firm, says the U.S. market was worth $8.5 billion in 2017 and will grow to $24 billion by 2022.

But U.S. companies aren’t able to fully to take advantage of the boom because it’s almost impossible to list on American stock exchanges.