With Biden heading to the White House, cannabis stocks are picking up a good deal of momentum including Aurora Cannabis (ACB). In addition, Biden’s pick for health and human services secretary, Xavier Becerra, who supports legalization.
“Just as we allow alcohol to be sold, we’ve come into the 21st century and announced that it’s better to regulate MJ than criminalize it. The federal government has to catch up and get into the 21st century, first. Secondly, we have to make sure the federal government is helping us, not hindering us, when it comes to coming up with a good way to regulate it,” he once said, as quoted by Marijuana Moment.
In addition, the stock just broke above double top resistance at $11.30. It’s. now moving on to challenge $14.48 potentially. If it can, ACB could see a test of $19.68 last seen in May 2020.
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