Cronos Group will become the first marijuana company to trade on a major US stock exchange. The company owns and operates businesses that are licensed to grow and sell weed in Canada, where medical marijuana is legal. The listing could signal to governments and investors that the legal marijuana industry has arrived, according to Cronos Group’s CEO. Cronos Group, a Canadian company that’s like Proctor & Gamble for pot products, has received approval from the Securities and Exchange Commission to begin trading on the Nasdaq.
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