Cannabis Watch: The curious case of Curaleaf, a U.S. pot company that is illegal but suddenly worth $4 billion

Like any other cannabis producer based in the U.S., Curaleaf Holdings Inc. operates illegally, but that didn’t stop the company from listing its shares on a Canadian stock exchange Monday with a $4 billion valuation.

The company’s 28 pot shops and 12 production sites spread across 12 states all violate U.S. federal law, which is why the company started trading Monday on the Canadian Securities Exchange — other major exchanges in Canada and the U.S. will not accept listings from companies that are openly breaking laws.

Even though Curaleaf runs afoul of federal laws in the U.S., the CSE allows it and other U.S.

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