Why Curaleaf Stock Wilted Today

Monday felt like a great day to own marijuana stocks. By and large, those equities soared on word of a potentially game-changing proposal in Congress for marijuana legalization, and a big acquisition by Curaleaf Holdings (OTC: CURLF).

Just 24 hours later, the story is different.

In Tuesday trading, Curaleaf led the cannabis sector downward as it fell 7.5% in early trading. Following Curaleaf down were pot peers Hexo (NASDAQ: HEXO) and Tilray (NASDAQ: TLRY), which also fell 7% or more.

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Source Fool.com