Curaleaf chairman on the global expansion of cannabis availability
Curaleaf chairman on the global expansion of cannabis availability
Curaleaf executive chairman Boris Jordan joins “Squawk on the Street” to discuss the company’s expansion into Europe. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
For stocks with names such as Curaleaf Holdings, GrowGeneration and Aurora Cannabis, the buzz appears to be wearing off.
As part of the market sell-off that hammered technology and other growth areas over the past couple of weeks, investors also dumped cannabis producers and distributors, which had been huge outperformers during the pandemic months.
The AdvisorShares Pure Cannabis ETF, which consists of growers and developers of cannabinoid-based medicines, dropped 8.5%, following a 9.4% decline last week. The Amplify Seymour Cannabis ETF is down 20% over the past two weeks, its biggest drop since March of last year.
Most of the top cannabis companies are based in Canada, where the plant has been legal for recreational ingestion since 2018. The U.S. has almost 10 times as many people as Canada, and distributors are anxiously awaiting their opportunity to expand to the south.
For a while, things were looking good.
Weed stocks rallied after Joe Biden was elected president in November, and then again in January after Democrats secured the Senate majority with two victories in the Georgia runoff election. Investors cheered the results, believing that Democrats would take actions to legalize cannabis at a federal level, following votes in November to allow recreational weed in Arizona, Montana, New Jersey and South Dakota. They joined 11 other states that had already legalized pot.
Senate Democrats promised sweeping legislation that would end the federal prohibition on marijuana and an end to the war on drugs.
“Ending the federal marijuana prohibition is necessary to right the wrongs of this failed war and end decades of harm inflicted on communities of color across the country,” wrote Senate Majority Leader Chuck Schumer of New York, along with Sens. Cory Booker of New Jersey and Ron Wyden of Oregon, in a statement on Feb. 1.
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Curaleaf runs a monopoly.
Fact in Florida, for sure… i reported on this years ago, I know more.
Curaleaf is a monopoly in FL
Good luck big boy, you wont last
There is a famous character, a Google search for "signals walter bulls". He made a fortune for himself back in 2018. Recently, such services have appeared that allow copying the results of professional players. This guy shows how to copy after him automatically using such a service. We must try while the market is on the rise
this guy will make me rich i hope lol
Click ‘sort by new’ to see truth comments youtube hides with nbc and bloomberg and abc biased news of dimwits
Curaleaf is the TOP Cannibis company. It will be a monster..
Eventually other businesses and consumers buy from Amazon, Apple, Facebook, Nvidia, Microsoft, Netflix so these are the stocks you want to own.
Why is CNBC consistently talking down cannabis stocks
A natural plant that needs to be legalized in america 🇺🇸 a plant material that will transform pharmaceutical industry,
the industry with alcohol and tobacco lobbyists blocking its legal passage!
Curaleaf runs a monopoly in Florida. You are not the largest operator in the US also, you are the largest monopoly and it is going to end big boy.. I actually grow, you dont. You are a disgrace to my industry, Curaleaf is literally monopoly in Florida, the ageist cannabis laws only allowed boomers to apply with a 30 year license, then he just bought it out.. he did not own a 30 year nursery, but he bought one out, people like me forced to grow in other states. You are going to get sued big boy.
Why are you blocking my comment? Truth hurt?
If everyone knew how easy & better it is to grow your own they’d be better off than buying from big corp supporting this wallstreet guy who was never involved in the industry or touched a joint before it was legal (im judging a book by its cover but must be said)
😎
Commodity business.