Investors' Obsession With Aurora Cannabis Is Misplaced
Marijuana stocks are a highly polarizing investment opportunity. Whereas most of Wall Street believes that the cannabis industry will see global sales soar to between $50 billion and $200 billion a year by 2030, it's an industry that has a lot of maturing to do between now and then. And from what we know, at least historically, from next big thing investments, not every company can be a winner.
But don't tell that to the investors of Aurora Cannabis (NYSE: ACB), which offer unwavering support to the company. On millennial-focused investment app Robinhood, nearly twice as many investors own Aurora Cannabis as the second most-held stock on the entire app. Think about that for a moment -- there are thousands of stocks for investors to choose from, and Aurora Cannabis is the most popular stock in the Robinhood universe, by a mile!
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Source Fool.com
