Switzerland’s SIX to launch marijuana data service
23 Jul 2019

SIX, the operator of Switzerland’s stock exchange, said it plans to launch a data service for more than 30,000 securities connected to marijuana related businesses (MRB) to help investors assess their exposure to cannabis-linked companies.

Aimed at investors who don’t want their money being used for buying securities involved in producing alcohol, tobacco and recreational drugs, the service identifies and lists securities that are either directly or indirectly issued by listed MRBs.

The fact that MRB-related securities can span several sectors, including pharmaceutical, recreational, transport and retail, makes it complex for firms hoping to control their exposure, SIX said in a statement.

“Investing in MRB poses considerable challenges for companies with some countries in Europe considering it as money laundering,” SIX said here

“As a result, it is crucial for firms worldwide to know exactly how much exposure they have to MRB-related securities, and which category the securities fall into to meet regulatory requirements,” it added.

By Noor Zainab Hussain, Reuters, 22 July 2019

Read more at Reuters

Read more:

US Lawmakers Advance Cannabis Banking Bill

Nevada to try limited banking for cash-heavy pot industry

California bill encourages banks to work with pot businesses

You can claim CPD minutes for this content, by signing up to our CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.