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

Belinda Cao

Stocks

Policy

Markets

Finance

Government

United States

Americas

Cilo Cybin Pharmaceutical Ltd. Receives South Africa’s First Cannabis Approval

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.

JPMorgan to Stop Prime Brokers’ U.S. Cannabis Stocks Buying:Rtrs

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.