Top Canadian Banks Not Ready For US Cannabis Business—Yet

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Despite the excitement from investors about the US cannabis market, two large Canadian banks have confirmed no involvement in the sector will happen until sweeping policy changes. According to a report from Bloomberg on Sunday (April 7), the heads of Bank of Montreal (BMO) (NYSE: BMO ,TSX:BMO) and Toronto-Dominion Bank (TD) (NYSE: TD ,TSX:TD) expressed hesitation to potentially financing deals or other business activities with US-based marijuana companies.

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