The banking system turns its back on emerging marijuana business

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Published: 23Jan2018

Many banks in Canada are refusing to offer any banking services to companies engaged in the production and distribution of marijuana. Desautels Finance Professor and Investment Management Specialist, Ken Lester comments on the hypocrisy of this situation.

“If you call your broker at one of the major Canadian banks to buy the shares of an authorized [marijuana] producer, he will not refuse.”

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