Why Aurora Cannabis (ACB) Shares Are Rising
Portfolio Pulse from Henry Khederian
Shares of Aurora Cannabis Inc (NASDAQ:ACB) are trading higher by 5% amid strength in the broader cannabis sector. This follows a report suggesting the Department of Health and Human Services (HHS) has called for moving marijuana to a lower-risk drug category. The recommendation is informed by an FDA evaluation of marijuana's classification.
August 30, 2023 | 5:09 pm
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Aurora Cannabis Inc's shares are trading higher following a report suggesting a reclassification of marijuana to a lower-risk drug category by the HHS.
The reclassification of marijuana to a lower-risk drug category by the HHS could potentially lead to increased acceptance and usage of cannabis, which would benefit cannabis companies like Aurora Cannabis Inc.
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