Jushi Holdings, a cannabis producer and retailer operating in six U.S. states, began trading on the NEO Exchange with a market cap around $490 million. Jushi owns five retail locations in California and 15 across Pennsylvania. It also has a royalty agreement with New Brunswick-based producer OrganiGram Holdings. (Financial Post)

Talking point: Many of the world’s largest cannabis companies—including Canopy Growth, Aurora Cannabis, and Aphria—are listed on the Toronto Stock Exchange (TSX). And, smaller producers like OrganiGram have chosen to go public on the TSX Venture Exchange. But companies with cannabis operations in the U.S. are barred from listing on any exchange operated by the TMX Group until cannabis is made legal at the federal level in the U.S. That’s pushed many companies onto the Canadian Securities Exchange—and now the NEO Exchange—over the last 18 months. In April, NEO saw its first billion-dollar listing from Columbia Care, an American medical cannabis producer.