Why Aurora Cannabis Stock Dropped 12% Today [Yahoo! Finance]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance
said that it's time to legalize marijuana, and on Friday, Germany announced that it will legalize it on April 1. Aurora shares shot higher to close the week up 53%. But today, the stock is falling again, and was down 12% as of 12:25 p.m. ET on Monday. Irrational exuberance? This could be a case of irrational exuberance running its course. Harris has come out in favor of legalizing marijuana in the United States before. But she said something pretty similar four years ago, and marijuana is still outlawed by federal law. In Germany, marijuana possession, home cultivation of it, and distribution among limited "social clubs" will all become legal next week. But Germany's new law doesn't allow companies (like Aurora) to grow marijuana in the country or sell it at retail stores. Is Aurora Cannabis stock a buy? So the news might not be good enough to move the needle on Aurora Cannabis stock in the short term or to save the company over the long term. Aurora is not a healthy com
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- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
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- ACB's page on the SEC website