At What Price Is Aurora Cannabis Worth Buying?
To investors, the cannabis industry represents the greatest growth opportunity since the rise of the internet a quarter of a century ago. We already know that tens of billions of dollars in illicit cannabis is being purchased yearly through black-market channels, which means strong demand exists. It's simply a matter of moving these behind-the-scenes consumers into legal channels.
No matter which investment firm guesses closest, the common denominator on Wall Street is that the marijuana industry can average a double-digit annual growth rate through 2029/2030.
Topping the list of the most intriguing marijuana stocks is none other than Aurora Cannabis (NYSE: ACB). Aurora is the most-held stock on online investment app Robinhood, beating out more traditional names like Apple and Amazon. But popularity isn't a guarantor of success, as evidenced by Aurora's more than 35% share price decline since mid-March.
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