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Opinion: Is the U S cannabis market doomed to fail like Canada s?

Is The US Cannabis Market Doomed To Fail Like Canada s?

Tras Game Stop, ahora el cannabis es el nuevo objetivo de los usuarios de Reddit

Tras Game Stop, ahora el cannabis es el nuevo objetivo de los usuarios de Reddit
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Why Marijuana Stocks Wilted Today | The Motley Fool

Aurora Cannabis (NYSE:ACB) closing 4.6% lower, HEXO (NYSE:HEXO) dropping 8.7%, and Aphria (NASDAQ:APHA) stock falling 7%. Fellow marijuana grower Only one of these four cannabis companies was mentioned in the news today, and that was a positive report.  Image source: Getty Images. So what Early Monday morning, analysts at Cantor Fitzgerald raised their price target on Aurora Cannabis by 33%, reports StreetInsider.com. Although Cantor kept its neutral rating, its new price target of $12.55 implies there s actually quite a bit of upside left in the stock at 23.5%. But as MarketWatch reported in the afternoon (after the price target hike), there have been some rumblings on Wall Street that all may not be well with the marijuana industry. Foothill Capital Management s Korey Bauer was quoted worrying about oversupply in Canada. Alliance Global Partners analyst Aaron Grey also warned that pricing pressure persists.  

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