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$ACB a $40 Price Target on the stock

By James Laurent



Marijuana stocks bounced higher on big news out of Mexico Wednesday.

News that the country has finished drafting rules to permit Medical Marijuana sent shares of cannabis industry giant Canopy Growth $CGC up 5.4% by 1:05 p.m. EST on Wednesday. Doing even better today were smaller marijuana companies Aurora Cannabis $ACB , Aphria , and especially Tilray $TLRY, which were up 6.2%, 7%, and 14.6%, respectively.

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