Aurora Cannabis’ next big play: The US CBD market

CNN
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Aurora Cannabis is angling to become the world's leading cannabis company, and the Canadian operator's next big move could come south of its border. Aurora plans to aggressively pursue the United States cannabis market with an acquisition in the hemp-derived CBD space as its likely first big play. The performance Thursday continued a trend of Wall Street not reacting favorably to cannabis companies' near-term losses. Aurora entered the US CBD space earlier this year via a multiyear research partnership with the Ultimate Fighting Championship. "We expect to have a significant footprint in the US in the coming quarters," Aurora chairman Michael Singer told CNN Business on Thursday.

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Aurora Cannabis is angling to become the world's leading cannabis company, and the Canadian operator's next big move could come south of its border. Aurora plans to aggressively pursue the United States cannabis market with an acquisition in the hemp-derived CBD space as its likely first big play. "We expect to have a significant footprint in the US in the coming quarters," Aurora chairman Michael Singer told CNN Business on Thursday. US sales of products containing hemp-derived cannabidiol, commonly known as CBD, have boomed following last year's passage of the Farm Bill, which legalized hemp. The bill also left CBD to the purview of the US Food and Drug...

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