Got the below mail from IG last night. Very frustrating. I'm sure this will force some people to take a loss. Absolute p**s take.
What broker are people looking at taking their stocks to after this?
"Due to the evolving political and regulatory landscape surrounding recreational cannabis-related securities, we have decided to stop offering share dealing on the below cannabis stocks.
Please note that CFD trading and spread betting on cannabis stocks and our soon-to-be-launched Cannabis Index will not be affected. You can continue to access these markets as normal.
Which stocks are no longer available for share dealing?
With immediate effect, you can no longer invest in the following companies and ETFs with IG:
Aurora Cannabis (US)
Canopy Growth (US)
Cronos Group (US)
ETFMG Alternative Harvest ETF
Innovative Industrial Properties
New Age Beverages
What will happen to my existing shareholdings?
If you are invested in the affected companies with IG, you’ll need to sell your shares no later than 11.59pm UK time on Thursday 23 May 2019. If you have not sold your shares by 12am midnight on 24 May, we will have to sell them on your behalf at the prevailing price and return the funds to you.
Please note that, given the current uncertainty, we cannot transfer your share dealing positions to alternative brokers. We’re sorry for any inconvenience this causes you.
We're here to help
If you have any questions about this or need assistance with your account, our highly trained client services team is available by phone or email 24 hours a day from 8am Saturday to 10pm Friday.