Why Cannabis Legalization in Other Parts of the World Could Be Bad News for North American Pot Stocks

With cannabis companies focusing more on profitability, will that curb expansion efforts? Cannabis legalization is generally good news for the industry and companies looking to expand into other parts of the world. However, that’s not necessarily always the case, as it also creates opportunities for those countries to start becoming exporters of cannabis themselves, and they could end up competing head-to-head with large North American producers. Canada-based Aurora Cannabis (NYSE:ACB) prides itself on its global…