Shares of cannabis stocks are trading lower after the sector surged in recent weeks amid US efforts to reschedule marijuana.
Portfolio Pulse from Benzinga Newsdesk
Cannabis stocks are trading lower following recent surges due to US efforts to reschedule marijuana. Stocks mentioned include Aurora Cannabis (ACB), Cronos Group (CRON), and Flora Growth (FLGC).
September 13, 2023 | 4:15 pm
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NEGATIVE IMPACT
Aurora Cannabis (ACB) shares are trading lower after recent surges due to US efforts to reschedule marijuana.
The recent surge in ACB's stock price was driven by US efforts to reschedule marijuana. Now that the stock is trading lower, it suggests that the initial excitement may be fading, potentially impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Cronos Group (CRON) shares are trading lower after recent surges due to US efforts to reschedule marijuana.
The recent surge in CRON's stock price was driven by US efforts to reschedule marijuana. Now that the stock is trading lower, it suggests that the initial excitement may be fading, potentially impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Flora Growth (FLGC) shares are trading lower after recent surges due to US efforts to reschedule marijuana.
The recent surge in FLGC's stock price was driven by US efforts to reschedule marijuana. Now that the stock is trading lower, it suggests that the initial excitement may be fading, potentially impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100