Nov. 13 at 8:44 PM
$ACB https://mjbizdaily.com/trump-backs-hemp-thc-ban-included-in-government-reopening-deal/For Aurora Cannabis, which focuses primarily on the international and Canadian medical cannabis markets, this specific measure is not expected to cause significant direct problems and is considered relatively well-positioned compared to other companies.
Here's why:
Focus on the medical market: Aurora's primary business is medical cannabis, both in Canada and internationally . These markets operate under distinct and well-established medical regulations, not directly impacted by the recent crackdown on the unregulated "recreational" hemp market in the United States
Lack of direct US operations: Aurora Cannabis does not have direct operations in the THC-rich cannabis market in the United States due to stock exchange listing restrictions (NYSE and TSX-listed companies cannot trade on non-federally legal markets in the US). Therefore, changes in US fed laws regarding hemp or cannabis will not have an immediate impact on its current operations.
