Top Canadian Banks Not Ready For US Cannabis Business—Yet


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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