Cannabis SPACs’ Cross-Border Push Threatens Tax Hit on Investors
Irina Pisareva was quoted in the article, "Cannabis SPACs' Cross-Border Push Threatens Tax Hit on Investors," [sub. req.] which was published by Bloomberg Law.
The article discusses how Canadian SPACs are courting U.S. cannabis startups to grant them access to quick cash and the U.S. public market, but that backdoor method to getting listed in the U.S. could come with a punitive tax hit.
"This is one industry that, for now, has no choice but to deal with the anti-inversion rules—and just by nature of the transaction it’s a certainty that this issue would be encountered and dealt with," commented Irina.