This is honestly a crazy amount, and can't be overly helpful with inflation, financial struggles, etc.
Quote:
Canadian investors have lost $131 billion as a result of losses sustained by 183 publicly traded cannabis companies, according to a new report from a Toronto-based law firm.
While cannabis sales have steadily increased since legalization was enacted — weed now contributes almost as much to Canada’s GDP as the dairy industry — the country’s largest profile companies have lost billions. Despite their poor performance, those losses haven’t stopped those same companies from awarding millions of dollars of bonuses to their executives.
Though it won’t help Canadians who have already lost their initial investments, the federal government is currently undergoing a legislative review of the Cannabis Act, which industry advocates hope will breathe new life into the sector.
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https://financialpost.com/cannabis-n...2-46b16799f2c1