Last week marked a historic day for the cannabis industry as the U.S. Drug Enforcement Administration (DEA) unveiled plans to reevaluate marijuana's classification as a less dangerous drug. In response to this significant development, cannabis stocks surged. What impacts will this have on the industry? What new avenues for investment and risks are poised to emerge? What happened? Marijuana has been classified as her...
$Canopy Growth Corp (WEED.CA)$and$Aurora Cannabis Inc (ACB.CA)$invested heavily in growing their size and scale before they knew what the market would ultimately be. This space has entirely imploded. And perhaps there’s some value to be had digging for cigar butts here. That said, for growth investors looking for sustainable upside, really any other sector is a better option to asses right now. At least, that’s my take.
It’s well-known among those following the sector that $CGC ($Canopy Growth Corp (WEED.CA)$) was down 85% from its 52-week high, while and $ACB ($Aurora Cannabis Inc (ACB.CA)$) had decreased about 75% from its peak. Both companies are expanding into Germany and should capitalize on changes in German cannabis policies. There have also been favorable developments in the cannabis industry, including in Florida and ongoing hopes for policy changes in the USA. Recent positive news about compan...
Aurora Cannabis Inc Stock Forum
What happened?
Marijuana has been classified as her...
$Canopy Growth Corp (WEED.CA)$ $Tilray Brands Inc (TLRY.CA)$ $Aurora Cannabis Inc (ACB.CA)$
Shares of Cronos Group ( $Cronos Group Inc (CRON.CA)$ ), Canopy Growth ( $Canopy Growth (CGC.US)$ ), and Aurora Cannabis ( $Aurora Cannabis Inc (ACB.CA)$ ) are all suffering as a resu...
That said, for growth investors looking for sustainable upside, really any other sector is a better option to asses right now. At least, that’s my take.
Both companies are expanding into Germany and should capitalize on changes in German cannabis policies. There have also been favorable developments in the cannabis industry, including in Florida and ongoing hopes for policy changes in the USA.
Recent positive news about compan...
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