Why Curaleaf Stock Rocked the Market Today

The halting, stop-and-go journey that is American marijuana legalization seemed to pass through a green light on Wednesday. As a result, the shares of one of the more prominent multistate operators in the sector, Curaleaf (OTC: CURLF), motored to a gain of more than 10% on the day. That compared most favorably to the sluggish (0.3%) rise of the S 500 index that trading session.

President Trump is currently mulling a proposal to, on the federal level, reclassify marijuana as a less harmful drug -- at least, he said so in a press briefing on Monday. Meanwhile, on Wednesday, a Republican congressman quadrupled down on a legislative effort to get that job done.

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Source Fool.com