One cannabis stock is now stronger than Apple

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Aurora is now popular with millennials than Apple

According to the trading app Robinhood, Apple is no longer the company millennials idolize. The consumer group is now shifting to a company with a strong reputation in the cannabis industry, Aurora Cannabis.

More millennials now own shares of Aurora than they do of Apple on Robinhood. In total 247,517 Robinhood users own Aurora stock, an increase of over 20,000 from last week. The cannabis stock is on top of all other stocks – even Apple, which has 237,050 shareholders on Robinhood.

Aurora is based in Canada and is publicly traded on the NYSE. Since the U.S. government passed the 2018 Farm Bill, Aurora has been working at stepping even deeper into the U.S. economy and will certainly become a common name in the country. It is now getting into the U.S. cannabidiol (CBD) market and says that it expects to begin production of hemp-derived CBD for the U.S. within the next couple of months.

Last December, Aurora announced that it had signed an exclusive supply deal with Mexico. The company had reportedly been involved in talks with Coca-Cola last September to introduce cannabis-based beverages, but Coca-Cola has denied those rumors.

The global cannabis space is changing, and it’s changing quickly. Aurora is poised to be one of the principle catalysts behind new products, new offerings and, possibly, new regulations.

Since the start of 2019, Aurora’s stock price has increased a total of 37%. In the past 24 hours, it has seen an uptick of 1.98%, trading currently at $7.07.