ksg5000 wrote:
steveh27 wrote:
SDcampowneroperator wrote:
Us Federal law still defines pot as an illegal substance. Customs are federal, not state.
Transporting goods across international borders is a federal issue.
The ban was NOT on importing pot, which is obviously illegal federally. If the border agents found a non US citizen had money invested in the stock of a marijuana company traded on the stock market they would not be allowed in. That was just wrong.
I am unaware of any pot business trading on the stock market in the USA. In Oregon where it's legal it's essentially a cash business because no federally insured bank will do business with them. They have to bring bags of cash down to Salem to pay their taxes. Like it or not ... federal law prevails in many situations and POT is considered illegal by the federal govt. Feds have chosen to back off enforcing the law in Oregon .. but they can change their minds anytime they want (which keeps many investors away).
Here's just two of many pot stocks traded on the exchanges in NY:
Canopy Growth Corp = CGC
Tilray Inc = TLRY, gone up 400% in 1 month
google it and see many more