Canadians who invested in cannabis companies have lost more than $131 billion, according to data collected by law firm Miller Thomson, which calculated the total losses of 183 publicly traded and licenced cannabis producers.
It’s a staggering number that if broken down per capita would equate to each Canadian citizen losing about $43,000.
Larry Ellis, a lawyer with the firm, points out to CTV National News that he “doesn’t know of many Canadian investors who can afford to lose $40,000 individually.”
I see a potential class action lawsuit as legit operators were forced to close when they could not compete with illegal storefront operations that the gov has not acted against.
