FCA Announce Guidance Consultation for Cannabis Companies Listing on London Stock Exchange

The Financial Conduct Authority has issued a statement which endeavours to clarify the situation regarding cannabis companies listing on the London Stock Exchange. Although some uncertainty remains, there are several key positives to take away, reports advocacy organisation Volteface. Those working in the cannabis industry are all too familiar with the challenges presented by the Proceeds of Crime Act, or PoCA. To those not aware of PoCA, it is an act that was designed to ensure that those engaged with illegal activity cannot benefit from the proceeds and that these funds can be retrieved by legal authorities if your business is seen to be illegal in its operation and purpose. Continue reading FCA Announce Guidance Consultation for Cannabis Companies Listing on London Stock Exchange at Canex.

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Source : CANEX CORPORATE
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