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JPMorgan Will No Longer Let Prime Brokers Buy U.S. Cannabis Stocks

JPMorgan Will No Longer Let Prime Brokers Buy U.S. Cannabis Stocks

JPMorgan will no longer allow prime brokerage clients to buy U.S. cannabis-related stocks from Nov. 8, Reuters reports citing the firm’s letter to clients.

  • Company cites the U.S. anti-money laundering compliance framework as reason for new cannabis stocks policy in the letter

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