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Marijuana company is attempting to go public on NYSE with a IPO on a major USA stock exchange

This was on the front page of finance.yahoo the morning of December 1st.

http://finance.yahoo.com/news/investors-hoping-ride-high-trailblazing-154037243.html

http://innovativeindustrialproperties.com/business

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That’s some good press. I think 2017 is going to see a lot more investment from the general public now that all but one of the 2016 initiatives passed. Plus you have Obama making this statement yesterday:

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“In May, Nasdaq denied an IPO bid by a marijuana-centric social network, MassRoots, citing federal laws that prohibit the drug’s use.”

Its interesting how we can watch the market in Canada take off, and at the same time watch our domestic market struggle due to regulations.

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Two major concerns here – will Congress intervene? And will the NYSE allow public trading of what is still federally banned?

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Hey Hunter. Great thought. This is the first one that will go through… So we will have to sit back and watch things develop. The NYSE will allow this company to IPO this week. We probably wont see any intervention from the gov, because this company is a REIT. They only concern themselves with the facility, not what goes on inside so this business operates in a federally legal environment.