Cannabis stocks may be controversial. But they’re also proving to be rewarding.
Since bottoming out at around $3.80, Curaleaf Holdings (CURLF) is now up to $5.21 and could see higher highs with several key catalysts. For one, a growing number of Americans want to see legalization. In fact, according to Pew Research, about 88% of the country wants to see that happen. Two, with its popularity, any candidate that favorably mentions it could see higher ratings.
In addition, more U.S. states such as Florida may be on the cusp of adult-use legalization. As noted by Benzinga.com, “At the beginning of April, the Florida Supreme Court proposed Amendment 3, which would legalize adult non-medical personal use of marijuana products and accessories. If approved, the proposal would take effect in May 2025.”
