Class Action Lawsuits Against Cannabis Companies Increase by 116%

Article by Moe Sheikh Abdir, Cannabis Life Network

CLASS ACTION LAWSUITS AGAINST CANNABIS COMPANIES INCREASE BY 116% MOE SHEIKH ABDIRMAY 9, 2020 FEATUREDMARIJUANA NEWS

Since legalization, many cannabis companies in Canada saw a rise in their stock price and interest from investors, but recent legal battles have slowed down the growth tremendously.

In recent news, some of Canada’s biggest growers (cannabis companies) of cannabis have faced proposed U.S. class action suits following the sharp loss of funds in the stock market for investors.

It has been reported that at least nine U.S. law firms have put forward a petition for a class action in U.S. courts against cannabis companies like Canopy GrowthCannabis Aurora, and Hexo Corp; three major Canadian cannabis growers. Although the charges differ from case to case. They include the disclosure of false product details and the distortion of the sales potentials.

Read the full article here.

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