Meet the banks that are leading the flourishing deal market for pot stocks

Source: Dealogic

Part of that has to do with the size of the deals — they’re still relatively small and don’t always capture the attention of the larger American banks. But even the bigger deals tend to be managed by Canadian firms, thanks to the lack of regulatory risk those firms face.

While it’s not illegal for U.S. firms to participate in these deals, the fact that pot is legal on a federal level in Canada makes it easier for Canadian banks to participate, according to Harrison Phillips, vice president at Viridian Capital Advisors.

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