Five years ago Thursday, the first pot stock began trading on the public markets, prompting a few raised eyebrows and many, many bad puns. Today, that company is worth nearly US$15 billion.
At the time of the stock’s debut, Canada had only recently licensed the first commercial growers to provide marijuana to the country’s expanding base of medical users. The Conservative federal government under then-Prime Minister Stephen Harper had no intention of legalizing recreational use and it was unclear what the sector would look like in one year, much less five.
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