Another opinion on the USA legalization timeline:
Aurora Cannabis CEO gives conservative timeline for full U.S. marijuana legalization
Sep. 08, 2021 4:56 PM ET
Aurora Cannabis Inc. (ACB)
By: Brian Stewart, SA News Editor
CEO Miguel Martin of Aurora Cannabis (NASDAQ:ACB) laid out a conservative timeline for full U.S. legalization of marijuana on Wednesday, saying he expected federal approval for medical cannabis products first, with recreational use becoming allowed at least a year after that.
In an interview with CNBC, Martin said he was a "strong believer" that medical approval, along with recreational decriminalization, would represent the first stage in making cannabis products legal on the national level.
At that point, he expected the U.S. Food and Drug Administration to play a large role in the regulatory process.
From there, Martin predicted that it would likely take one or two years to achieve federal legalization of recreational marijuana use.
The CEO based his projections on the company's experiences in other parts of the world, including its home market in Canada, as well as places like Germany, Israel and France.
Martin said that Aurora (ACB) could benefit from this controlled rollout because the company has significant experience operating in heavily regulated markets.
Still, ACB dropped nearly 4% in Tuesday's trading, finishing the session at $6.89. Generally speaking, the stock has traded in a narrow range lately after some volatile action earlier in the year:
