What happened Canadian marijuana stocks Aurora Cannabis (NYSE: ACB), HEXO (NYSE: HEXO), and Tilray (NASDAQ: TLRY) all slipped on Tuesday. They recovered, but not to an admirable degree: Aurora and HEXO both closed the day lower (by 1.7% and 2.4%, respectively), while Tilray eked out a 2% gain. So what There was no obvious catalyst for this bearishness. Rather, it feels like a pullback from the recent general optimism surrounding marijuana stocks. Image source: Getty Images. The Biden administration is expected to either decriminalize or full-out legalize the drug, which would allow foreign producers and distributors access to the massive U.S. market. But that expectation is largely baked into the prices of weed stocks, which have largely been on the rise ever since Biden was declared the winner. It's the same for the coming merger of two Canadian weedies, Aphria (NASDAQ: APHA) and Tilray, that excited investors when it was announced last month. Now what Investors might also be worried, justifiably, that the decriminalization/legalization push won't happen for some time, given other pressing matters troubling the administration (like the coronavirus pandemic). On top of that, determined U.S. companies will pounce once the law changes, and they might be seen as better positioned to compete here. I don't feel that anyone should trade out of Aurora, HEXO, Aphria, or Tilray purely on that basis, however. There is much public support for marijuana law reform, and whenever it hits, it'll be the tide that lifts all boats, no matter where they're sailing in from. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 15 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends HEXO. The Motley Fool has a disclosure policy.Source