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Cannabis Watch: Greenlane IPO: 5 things to know about the closest thing to a U.S. cannabis company to go public on Nasdaq

Greenlane Holdings Inc. plans to raise roughly $98 million through an initial public offering on the Nasdaq, which would arguably make it the closest thing to a U.S. cannabis company available for trade on a major U.S. exchange.

The Boca Raton, Florida, company sells cannabis vape hardware and accessories such as rolling papers and pipes to retail businesses and consumers across the U.S., Canada and elsewhere around the world. But its biggest business is wholesaling vape products from the likes of cannabis consumption hardware maker Pax Labs Inc., and its one-time subsidiary Juul Labs. Inc., which makes nicotine vape pens.

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