Aurora Cannabis Inc. (ACB) shares are seeing an uptick in after-hours trading, potentially influenced by recent developments in the cannabis industry. A Nebraska state judge's decision to dismiss a legal challenge against medical marijuana ballot measures has paved the way for the establishment of a new cannabis market in the state. This ruling, issued on November 27, 2024, allows cannabis activists to move forward with implementing pro-cannabis laws, which could boost investor sentiment in the sector.
Additionally, Florida's announcement to award 22 new medical marijuana licenses marks a significant expansion in the state's cannabis industry. This development, also reported on November 27, 2024, could signal increased opportunities for cannabis companies, including Aurora Cannabis, as the market grows. The expansion is expected to reshape Florida's cannabis landscape, potentially attracting more investment and interest in cannabis stocks.
Aurora Cannabis Inc. (ACB) shares rose 1.32% to $4.60 in after-hours trading, following a 2.95% increase to close at $4.54 on November 27, 2024.