Aurora Cannabis has extend its three-month streak as the most widely held stock on the free-trading app Robinhood, which is popular among younger users.
Last week, more than 420,000 Robinhood users held shares of the cannabis company, which took the top spot from Apple on January 31. The stock has been the most-added on the platform since that time.
Cannabis stocks appears to be a core holding for millennial investors, with Aurora rival Cronos taking the fifth position. GE, Ford, and Apple are also in the top five holdings.
The reason for Aurora’s popularity is not clear, although it does have the lowest nominal stock price of the major cannabis companies, potentially increasing its appeal. The cannabis market is rapidly evolving, with reports that the US Congress may consider