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Aurora Cannabis Inc (2)
Symbol ACB
Shares Issued 116,320,703
Close 2020-11-05 C$ 8.18
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FP/wire say Aphria, others enjoy U.S. "green landslide"

2020-11-06 09:21 ET - In the News

Also In the News (C-APHA) Aphria Inc
Also In the News (C-CURA) Curaleaf Holdings Inc
Also In the News (C-WEED) Canopy Growth Corp

The Financial Post reports in its Friday edition that cannabis companies rallied on Thursday, reversing a slump the day before, on renewed optimism over the lifting of restrictions on marijuana sales in five states this week. A Bloomberg dispatch to the Post says that stocks soared in the afternoon session after New York State Governor Andrew Cuomo told a local radio station that New York would look to legalize recreational pot next year. The nation's fourth most populous state was on track to legalize this year before Mr. Cuomo scuttled plans in March. Aurora, Tilray and Aphria led the advance, with double-digit gains. The gains followed ballot passages in Arizona, Mississippi, Montana, New Jersey and South Dakota, which will now add to the 44 states that allow marijuana for medical or recreational purposes. Boris Jordan at Curaleaf said the state passages were a "green landslide." Despite growing support for cannabis in the United States, federal legislation for legalized pot may be off the table for now, particularly with the possibility of Republicans retaining control of the U.S. Senate. However, Senate majority leader Mitch McConnell's statement in support of a stimulus bill was more good news for the industry.

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