Why Curaleaf Stock Was Smoking the Market Today

Whenever there's news about potential marijuana legalization anywhere in the world -- or at least some measure of decriminalization -- the few publicly traded pot companies tend to benefit. This was the case on Tuesday with big multistate operator Curaleaf (OTC: CURLF), as a new study undertaken on the other side of the world illustrated the benefits of making the drug legal. The company's share price was up by nearly 6% in midafternoon trading as a result, putting it far ahead of the S&P 500 index (which, at that time, was down by 0.6%).That study, conducted by German government agency the Federal Institute for Public Health, found that marijuana use by young people in that country fell after the legalization of recreational pot in April 2024. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool