As with every nascent sector and new business model, the cannibis space is rife with unknowns and enormous risk for would-be investors. Even less understood perhaps, is that there are also personal mobility risks that come with owning shares in the companies. Believe it or not. See For Canadian marijuana investors, coming to the US is a ‘crapshoot’ that can end in a lifetime ban:
“…U.S. Customs and Border Protection, or CBP, overseeing border operations — told Politico in an interview published Thursday that border agents would still seek to permanently ban any foreign visitor who admits to working or investing in the cannabis industry, or admits to have taken the drug, even after recreational marijuana use becomes legal in Canada on Oct. 17.
MarketWatch confirmed that stance in an email exchange with a CBP spokeswoman, who said investors could face a permanent ban from entering the U.S.
“Although medical and recreational marijuana may be legal in some U.S. states and Canada, the sale, possession, production and distribution of marijuana or the facilitation of the aforementioned remain illegal under U.S. federal law,” spokeswoman Stephanie Malin said in a statement.
For more watch this direct video link.
;
