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Stock impact report

Is Aurora Cannabis a Buy? [The Motley Fool]

Aurora Cannabis, Inc (ACB)  More Company Research Source: The Motley Fool
PDF Is Aurora Cannabis a Buy? Billy Duberstein TMFStoneOak Aug , 09 at 9AM There are as many reasons to be bullish on cannabis stocks as there are reasons to be bearish. With the full legalization of the Canadian market in October of last year, cannabis seems poised to go much more mainstream in the years ahead. The highest industry estimate from a mainstream Wall Street firm is Stifel's recent $00 billion estimate for global legal cannabis sales by 00 And yet there are just as many reasons for caution on pot stocks. For one, it's still very early innings in the legal cannabis industry, and a whole host of things can go wrong. Even in Canada and legal U.S. states like California, the legacy black market is still thriving due to the higher prices on legal weed from high state taxes. That may be contributing to the oversupply in the Canadian market that has recently sent pot prices tumbling bizarre accounting rules Additionally, who knows when the U.S. will finally get its act together reg [Read more]
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