Why Curaleaf's Shares Are Down Wednesday
Cannabis retailer Curaleaf (OTC: CURLF) saw its shares drop more than 11% on Wednesday before bouncing back a bit in the late afternoon. The stock opened at $6.56 before dropping to a low of $5.74 in early trading.
The stock has been sliding for the past couple of weeks, but a lot of cannabis stocks fell Tuesday and Wednesday after Senate Minority Leader Mitch McConnell (R-Ky.) criticized an effort to make the SAFE Banking Act part of the National Defense Authorization Act, a defense spending bill.
"If Democrats wanted these controversial items so badly, they had two years to move them across the floor," McConnell said. "Heck, they could have scheduled those matters for votes this week."
Source Fool.com
