Aurora Cannabis Cleans House, but the Worst Is Yet to Come
The North American marijuana industry was widely expected to be the greatest thing since sliced bread. But over the past 10 months we've learned that no industry, not even one that existed in the shadows for decades before Canada legalized recreational weed, is immune to growing pains.
In the U.S., the most lucrative pot market in the world, high tax rates and a persistent black market presence have hampered growers and retailers. Meanwhile, in Canada, the only industrialized country in the modern era to have legalized adult-use cannabis, regulatory-based issues have stymied supply, creating either shortages or bottlenecks.
As these issues have befallen the marijuana space, it's pot stock investors who've paid the price. Following a year of constantly cautioning and warning investors that Aurora Cannabis (NYSE: ACB), the most popular of all marijuana stocks, was bad news, the you-know-what has finally hit the fan.
Source Fool.com
