Harborside, the Californian dispensary operator, will join a myriad of listed cannabis companies on the Canadian stock exchange.
Harborside is the oldest dispensary, and is known to be integrated well with suppliers and growers. It is a Californian institution with alot of history and clout. California is one of 11-states that has legalized recreational cannabis usage, so this helps federal legalization efforts as well.
The more cannabis companies that become publically traded, the better. Publically traded companies can raise capital by issuing stock and through other financial means. If you want to expand, list your company and watch it grow. The only downside is quarterly reporting that will eventually make or break your business.
The more publically traded cannabis becomes, the more capital the sector can attract and utilize.
Here's to another small step to Legalization!
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Picture from Pixabay.