Why Aurora Cannabis, Charlotte's Web, and Green Thumb Industries Stocks Got All Shook Up Today
I have to admit: When I took a look at the declining share prices of marijuana stocks earlier this week, and concluded investors in the cannabis sector might be getting worried about the implications of a new bill that would legalize psychedelic drugs in California -- I half thought I was seeing things, jumping at shadows. But the evidence really does seem to be adding up toward the conclusion that psychedelics may be following the same path to legalization that marijuana blazed before them.
Investors don't seem to know precisely what to make of this development, however. In Friday trading, for example, we saw shares of Aurora Cannabis (NASDAQ: ACB) close up 3.7%, while cannabis stocks like Charlotte's Web (OTC: CWBHF) and Green Thumb Industries (OTC: GTBIF) headed in the other direction -- down 2.9% and 3.8%, respectively.
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Source Fool.com
