Cannabis Futures Contracts May Be Headed to an Exchange Near You
- New Leaf Data Services wants to start contracts this year
- Attracting enough volume will be a challenge, economist says
Source: Get Budding
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Pot will soon join corn, wheat and hogs on the agricultural futures markets -- if New Leaf Data Services LLC has its way.
The Stamford, Connecticut-based firm that tracks wholesale cannabis prices in Canada and the U.S. is in talks with a “globally recognized exchange” to start futures contracts, giving traders an opportunity to speculate on cannabis, Chief Executive Officer Jonathan Rubin said.