Why Curaleaf Stock Blasted Almost 5% Higher Today
With the mighty struggles the cannabis industry is currently experiencing, any positive news item concerning the sector is encouraging for investors. That was the dynamic behind the nearly 5% surge in Curaleaf (OTC: CURLF) stock on Wednesday, as yet another small step toward legalization was reported. That sub-5% pop was more than high enough to beat the flat-lining S&P 500 index.That news came from one of the dwindling number of U.S. states that has not yet legalized cannabis -- North Carolina. In a TV interview with WRAL News, the state's governor Josh Stein clearly expressed support for flipping the switch on legal weed. Image source: Getty Images.Continue reading
With the mighty struggles the cannabis industry is currently experiencing, any positive news item concerning the sector is encouraging for investors. That was the dynamic behind the nearly 5% surge in Curaleaf (OTC: CURLF) stock on Wednesday, as yet another small step toward legalization was reported. That sub-5% pop was more than high enough to beat the flat-lining S&P 500 index.
That news came from one of the dwindling number of U.S. states that has not yet legalized cannabis -- North Carolina. In a TV interview with WRAL News, the state's governor Josh Stein clearly expressed support for flipping the switch on legal weed.
Image source: Getty Images.
