What's Going On With Aurora Cannabis Stock?
Portfolio Pulse from Henry Khederian
Aurora Cannabis Inc's shares are trading higher by roughly 3.4% amid the strong performance of the cannabis sector. This is due to the news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category. The reclassification from Schedule I to Schedule III under the Controlled Substances Act is based on an FDA evaluation of marijuana's classification.
September 05, 2023 | 7:02 pm
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POSITIVE IMPACT
Aurora Cannabis Inc's stock is trading higher due to the proposed reclassification of marijuana by the HHS. This could potentially increase the demand for cannabis, positively impacting Aurora's stock.
The proposed reclassification of marijuana by the HHS could lead to increased demand for cannabis products. As a cannabis producer, Aurora Cannabis Inc stands to benefit from this increased demand, which is likely to positively impact its stock price.
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