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The surge of capital flowing to this industry is not justified by anything but pure speculation, a repeat of the dot-com bubble. A quick back of the envelope valuation on Canopy Growth, the largest player in this industry, reveals the following
Canadians pay the highest fees in the world for mutual funds. A typical fund would have an MER of 2.42% in Canada, in comparison to 0.82% MER a US resident would pay.