Written by Chris MacDonald at The Motley Fool Canada
The thought of turning $10,000 into a $1 million investment is one that many investors certainly have. Indeed, those kinds of returns, which were made possible by a number of high-growth stocks over long periods of time, are usually driven by very long-term secular growth stories. The cannabis sector and leaders such as Aurora Cannabis (TSX:ACB) have been hit hard in recent years as demand for these high-potential stocks dried up.
Part of this narrative is due to the reality that growth in the Canadian cannabis market hasn’t panned out as many analysts initially expected. With a Biden win in the White House, many thought we might finally see legislation passed that would bring cannabis legalization south of the border as well. And while certain reclassification bills have been put forward (and are likely to pass), it’s unclear what the timeline for full…
