Surprise! This Pot Stock Withdrew Its Plans to List on the Nasdaq
The marijuana industry is maturing before our eyes, but it's likely going to be a lengthy and potentially bumpy process. After all, despite cannabis generating tens of billions of dollars in the black market, regulated legal weed is a completely new concept that governments and businesses are still trying to fine tune.
One of the many ways that cannabis stocks are "growing up," so to speak, is through initial public offerings (IPOs) and by uplisting to major U.S. exchanges. Today, more than a dozen marijuana stocks are now listed on either the New York Stock Exchange (NYSE) or Nasdaq (NASDAQ: NDAQ).
Image source: Nasdaq.
Source Fool.com
