Investors Should Avoid Aurora Cannabis’ Acquisition of MedReleaf Like the Plague

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In roughly three weeks, the face of the global marijuana industry could change forever. Bill C-45 in Canada, better known as the Cannabis Act, is set for a vote in the Senate on June 7, with the strong likelihood that’ll it swiftly be moved along and signed into law not long thereafter. In doing so, Canada will become the first developed country in the world to have legalized recreational marijuana. Opening the door to adult-use pot is expected to be quite lucrative to the legal cannabis industry. Forecasts are calling for approximately $5 billion in added annual revenue, which comes atop existing medical marijuana sales and export revenue. As a result, marijuana growers have been expanding their capacity as quickly as their balance sheets will allow. Investors Should Avoid Aurora Cannabis’ Acquisition of MedReleaf Like the Plague

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