Cannabis stocks are having a blistering start to 2019. The sector appeared to have peaked in the fall of 2018. As many had warned, marijuana stocks turned sharply lower following Canada’s legalization going into effect in a classic “sell the news” event. However, since then, the tide has turned. This year, pot stocks are back with the sector ETF posting a 50% move off the lows.
Not surprisingly, this enthusiasm has carried both recreational and medicinal cannabis stocks higher. For today, let’s focus on the medicinal space. The recreational plays have been getting more attention lately with all the blockbuster partnerships. However, there are some interesting business stories developing in the medical cannabis stock space as well.
Aurora Cannabis (ACB)