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Aurora Cannabis Inc Consolidating Before Heading Higher

Submitted by Marijuana News on Mon, 12/19/2016 - 08:46

Aurora Cannabis Inc has backed off its November highs and is consolidating before we making another run again. This comes as we’ve seen across the board profit taking in the entire cannabis space. We at Insider Financial believe that Aurora Cannabis at current levels represents a discount entry opportunity for investors that have not yet gotten on board the Canadian cannabis train.

Canada is the hottest country right now for cannabis investors as it has the most favorable regulatory environment for cannabis in the world. With the election in the US of President-elect Donald Trump and his appointment of marijuana opponent Senator Jeff Sessions as Attorney General, investors are looking towards the Great White North for a more certain future.

By 2024, Health Canada projects that the medical cannabis market in Canada will have ~450,000 patients out of a population of 35 million. Prime Minister Justin Trudeau was elected after including...

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