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 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.

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Source Fool.com