Investors in the top 10 Canadian pot companies alone have lost a stunning $21 billion in shareholder value since August. CBD is the non-intoxicating compound in the marijuana plant on which the pot industry has placed its biggest bet. CBD is also an intended gateway for Canadian pot firms to the vast U.S. market, where the legal sanctions against CBD are lighter than for dried cannabis. The total market cap of Canada’s top five pot firms, at about $20 billion, is roughly equal to that of auto-parts maker Magna International Inc. alone. For now, the only certainty is that most publicly traded pot firms will fall by the wayside.

Source: thestar December 08, 2019 12:00 UTC