Why Canopy and Sundial Dropped Today, but Curaleaf Popped
When is good news bad news? Apparently, when you're a marijuana investor, and the prospects for marijuana legalization suddenly get a lot brighter -- in other words, it's a day like Monday.
As of noon Monday, EST, shares of Canopy Growth (NASDAQ: CGC) were down 3% and Sundial Growers (NASDAQ: SNDL) was doing the opposite of growing -- down 4.8% -- in response to confirmation that the long-rumored Republican House bill to legalize marijuana has arrived.
In contrast, shares of Curaleaf Holdings (OTC: CURLF) were headed higher, up 5.4% -- which just goes to show how unpredictable marijuana stocks can be.
Source Fool.com
