Last year was an eye-opener for marijuana stock investors. While the prospect of big-time growth very much remains on the table over the long run, as evidenced by the tens of billions of dollars in sales conducted in the black market every year, 2019 was a reminder that growing pains are a given with every industry. Even one that's existed in the shadows for decades.
As a result of supply issues in Canada, high tax rates in select U.S. states, and a resilient black market, marijuana stocks have had to make aggressive changes to their business models, and even balance sheets, to better align themselves with current market demand. Perhaps no company stands out more for its recently announced changes than Aurora Cannabis (NYSE: ACB).
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