Is Pot Stock Aurora Cannabis a Buy in 2020?
Last year was expected to be when marijuana stocks finally proved to Wall Street that they deserved their lofty valuations. Unfortunately for investors, this wasn't the case.
Instead of pushing toward profitability, pot stocks wound up losing a lot of money, and it ultimately cost investors a lot of their green, too. Between supply issues in Canada, high tax rates in select U.S. states, and a persistent black market presence that made life difficult for legal producers, it was simply a bad year to be a cannabis investor.
But with pot stocks having fallen so far from their 2019 highs, it has investors wondering if they're now a bargain. This is especially true of Aurora Cannabis (NYSE: ACB), the most popular marijuana stock on the planet, and the most-held stock on online investing app Robinhood.
Source Fool.com
