Canadians have lost $131 billion investing in cannabis

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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. Miller Thomson made the calculations, reports CTV News, which, per capita, shakes out to each Canadian losing close to $3,500. 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. Despite their poor performance, those losses haven’t stopped those same companies from awarding millions of dollars of bonuses to their executives. An independent panel has been formed to provide guidance to both the minister of health, Jean-Yves Duclos, and Carolyn Bennett, minister of mental health and addictions, as well as the associate minister of health.

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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.

Miller Thomson made the calculations, reports CTV News, which, per capita, shakes out to each Canadian losing close to $3,500.

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