RE:TMX Group’s Cannabis Woes Go Way Beyond CDSMonte, I too see this as an issue...if it were to occur, though I wouldnt lose sleep over it. It wouldn't make much sense for US banks going after Canadian cannabis, think of how messy that would get. Sessions can hardly contain legalization in the US as it stands. Trump has been silent on the entire issue, though during his campaign he stated numerous times that cannabis legalization will be left up to the states. The damage of relations between Canada and US banks would be devestating if there was a real threat. This article is based on "WHAT IF," and there is no hard evidence suggesting US banks are or will launch assault TMX.
The reason my statements sounds basic is because i wrote out a long page in detail with links and all, but then my internet timed out when I hit the post button and it all deleted lol. I will be keeping watch over TMX "issue", though once again, not losing sleep here.
Monteviale wrote: I've attached a link to the article "TMX Group's Cannabis Woes Go Way Beyond CDS" at the bottom of this post. I would strongly suggest that everyone take the time to read it. Whole premise of the article is that CSE listed issuers with U.S. marijuana assets are not the ones investors need to worry about. The CSE issue might be a diversion for bigger problems at the TMX.
The CDS is a wholly owned subsidiary of the TMX Group, owners and operators of the TSX and TSXV Exchanges. TSXV's only competitor is the CSE.
By flexing its muscle prematurely, TMX Group has demonstrated in no uncertain terms that it exercises a monopoly in the clearance of securities in Canada...
Can you say anti-trust and anti-competitive!!! It doesnt end there. The TMX Group's Banks shareholders are growing nervous about the approach of July 2018. Its conceivable that the US banking system may threaten to withdraw US banking services from Canadian Banks should they decide to process the proceeds from Canada's legal marijuana industry.
TMX Group’s Cannabis Woes Go Way Beyond CDS