European cannabis firms banking on higher IPOs in US upon rescheduling

European cannabis firms banking on higher IPOs in US upon rescheduling
Photo by CRYSTALWEED cannabis on Unsplash

A growing number of European cannabis startups are considering initial public offerings in the United States, where they expect higher valuations in New York than on a London-based exchange.

But that’s only if the Biden administration’s ongoing efforts to reschedule marijuana are successful, according to the Financial Times and Euro News.

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