Do These 2 Cannabis Stocks Have a Future?
Cannabis stocks soared in popularity at the end of the last decade. Two of the companies that led this rally were Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NASDAQ: ACB). However, both pot growers, along with the rest of the sector, have been southbound for the past five years. Recent developments could change that, though, at least that's what some are hoping. Let's look into what's going on in the industry and determine whether Canopy Growth and Aurora Cannabis have attractive prospects.
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President Trump recently signed an executive order that rescheduled cannabis from a Schedule 1 substance to Schedule 3. Here's what that means. Controlled substances are put into one of five categories based on how dangerous and prone to abuse they are, as well as whether they have any accepted medical uses. Up until recently, cannabis was in the most restricted category, along with heroin and other extremely dangerous drugs.
Source Fool.com
