Aurora Cannabis: Does This Signal a Long-Awaited Partnership Is Near?
Last year was supposed to when marijuana stocks put the pedal to the metal and proved to Wall Street that they were wholly deserving of their premium valuations. The stage certainly appeared set with Canada selling adult-use cannabis and on track to launch derivative pot products later in the year, and a number of U.S. states leaning in favor of legalization.
But when the curtain closed on 2019, it was a huge disappointment for most cannabis investors. Marijuana stocks ended the year mired in a nine-month downtrend that was sparked by supply issues in Canada and pricing struggles in key U.S. markets. Both factors allowed the black market to thrive and left pot stocks to fight among the scraps.
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Source Fool.com
